Key Points
- CEO Robert Ritchie sold 12,000 shares of American Integrity Insurance Group at an average price of $25.34, generating $304,080. He retained 2,139,611 shares, worth approximately $54.2 million.
- The company reported strong quarterly results, with earnings per share of $1.78 versus the $0.81 consensus estimate and revenue of $115.17 million. Net margin was 26.20%, while return on equity reached 26.74%.
- Analyst sentiment remains positive: the stock has a “Moderate Buy” consensus rating and a $26.50 average price target, while shares opened at $25.34 near their one-year high of $26.36.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 6,000 shares of American Integrity Insurance Group stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $25.24, for a total transaction of $151,440.00. Following the completion of the sale, the chief executive officer owned 2,133,611 shares in the company, valued at $53,852,341.64. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
American Integrity Insurance Group Stock Up 1.9%
Shares of AII stock opened at $25.34 on Friday. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.36. The company's fifty day simple moving average is $19.67 and its 200-day simple moving average is $18.90. The firm has a market cap of $496.41 million, a PE ratio of 5.63 and a beta of -0.20.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The business had revenue of $115.17 million during the quarter. On average, equities analysts predict that American Integrity Insurance Group, Inc. will post 3.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On American Integrity Insurance Group
Several institutional investors and hedge funds have recently modified their holdings of AII. NewEdge Advisors LLC bought a new position in shares of American Integrity Insurance Group in the fourth quarter valued at about $33,000. New York State Common Retirement Fund acquired a new position in American Integrity Insurance Group in the 4th quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey raised its holdings in American Integrity Insurance Group by 172.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company's stock valued at $51,000 after acquiring an additional 1,549 shares during the period. JPMorgan Chase & Co. bought a new position in American Integrity Insurance Group in the 3rd quarter valued at about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Integrity Insurance Group during the third quarter worth approximately $83,000.
Wall Street Analysts Forecast Growth
AII has been the topic of several analyst reports. Wall Street Zen upgraded American Integrity Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Citigroup restated an "outperform" rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Citizens Jmp boosted their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, June 1st. Finally, Raymond James Financial set a $27.00 price objective on American Integrity Insurance Group in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.50.
Check Out Our Latest Research Report on American Integrity Insurance Group
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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