American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 24,614 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $25.68, for a total value of $632,087.52. Following the completion of the transaction, the chief executive officer owned 2,073,997 shares of the company's stock, valued at $53,260,242.96. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
American Integrity Insurance Group Price Performance
AII opened at $26.20 on Tuesday. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.56. The business has a 50-day moving average of $20.02 and a two-hundred day moving average of $19.00. The stock has a market capitalization of $513.26 million, a price-to-earnings ratio of 5.82 and a beta of -0.20.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its quarterly earnings data 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 during the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. Equities research analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current year.
Hedge Funds Weigh In On American Integrity Insurance Group
A number of hedge funds have recently added to or reduced their stakes in AII. Geode Capital Management LLC bought a new stake in American Integrity Insurance Group during the second quarter valued at $1,382,000. XTX Topco Ltd bought a new position in shares of American Integrity Insurance Group in the 2nd quarter worth about $192,000. Marshall Wace LLP bought a new position in shares of American Integrity Insurance Group in the 2nd quarter worth about $2,123,000. Qube Research & Technologies Ltd acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $292,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $7,356,000.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AII. Zacks Research upgraded shares of American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 17th. Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Citizens Jmp upped their target price on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 12th. Piper Sandler increased their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Finally, Raymond James Financial set a $27.00 price target on American Integrity Insurance Group in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.50.
Check Out Our Latest Analysis 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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