Key Points
- CEO Robert Ritchie sold 38,260 shares of American Integrity Insurance Group at an average price of $23.08, generating approximately $883,041. He continues to own 2.28 million shares valued at about $52.6 million.
- The company reported quarterly EPS of $1.78, exceeding the $0.81 analyst consensus, on revenue of $115.17 million. Its net margin was 26.20% and return on equity was 27.56%.
- Analyst sentiment remains favorable, with five Buy ratings and one Sell rating; the consensus rating is Moderate Buy with an average price target of $26.75. Several institutional investors also increased their holdings.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 38,260 shares of American Integrity Insurance Group stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $23.08, for a total value of $883,040.80. Following the completion of the transaction, the chief executive officer owned 2,277,013 shares in the company, valued at approximately $52,553,460.04. This represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
American Integrity Insurance Group Trading Down 0.1%
AII stock opened at $23.97 on Friday. The firm has a 50-day moving average price of $19.01 and a 200-day moving average price of $18.72. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.36. The stock has a market capitalization of $469.55 million, a P/E ratio of 5.33 and a beta of -0.20.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.97. The company had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 27.56%. As a group, equities analysts predict that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.
Analysts Set New Price Targets
AII has been the subject of several research analyst reports. Citizens Jmp upped their price target on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a "market outperform" rating in a report on Wednesday. Piper Sandler boosted their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen upgraded shares of American Integrity Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup reiterated an "outperform" rating on shares of American Integrity Insurance Group in a report on Wednesday. Finally, Weiss Ratings upgraded shares of American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $26.75.
Get Our Latest Stock Analysis on AII
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in AII. Franklin Resources Inc. lifted its stake in shares of American Integrity Insurance Group by 1,840.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company's stock valued at $66,670,000 after purchasing an additional 2,834,289 shares during the period. Wasatch Advisors LP lifted its stake in American Integrity Insurance Group by 5.7% in the second quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company's stock valued at $23,729,000 after buying an additional 67,977 shares during the period. Boston Partners boosted its holdings in shares of American Integrity Insurance Group by 9.3% during the 4th quarter. Boston Partners now owns 1,191,145 shares of the company's stock worth $24,809,000 after buying an additional 101,365 shares in the last quarter. BlackRock Inc. bought a new position in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $16,723,000. Finally, Mink Brook Asset Management LLC grew its position in shares of American Integrity Insurance Group by 35.5% during the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company's stock worth $13,506,000 after buying an additional 169,932 shares during the period.
About American Integrity Insurance Group
(
Get Free Report)
American Integrity Insurance Group, Ltd. is a specialized provider of personal lines residential property insurance based in Jacksonville Beach, Florida. The company underwrites a variety of policies including homeowners multiple peril, condominium unitowners, dwelling fire, wind-only, personal umbrella and renters insurance. Its product suite is designed to protect against hurricane, windstorm, hail and other weather-related risks common to Florida’s coastal and inland regions.
Founded in 2004, American Integrity operates primarily through a network of independent insurance agents across the state of Florida.
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