Key Points
- CEO Robert Ritchie sold 45,461 shares of American Integrity Insurance Group at an average price of $26.30, worth approximately $1.20 million. He retains 2.03 million shares valued at about $53.35 million.
- American Integrity reported quarterly EPS of $1.78, exceeding analysts’ $0.81 estimate, on revenue of $115.17 million. The stock opened at $26.64, near its 52-week high of $27.00.
- Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $26.50; several institutional investors also recently increased or initiated positions.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 45,461 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $26.30, for a total value of $1,195,624.30. Following the completion of the sale, the chief executive officer owned 2,028,536 shares in the company, valued at $53,350,496.80. The trade was a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
American Integrity Insurance Group Stock Up 1.1%
NYSE:AII opened at $26.64 on Thursday. The company has a market cap of $521.88 million, a P/E ratio of 5.92 and a beta of -0.20. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $27.00. The business has a 50 day moving average price of $20.39 and a two-hundred day moving average price of $19.12.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 26.74%. As a group, analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research note on Thursday, August 20th. Wall Street Zen upgraded American Integrity Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Zacks Research raised American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Finally, Citigroup reaffirmed an "outperform" rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. One 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.50.
View Our Latest Analysis on AII
Institutional Investors Weigh In On American Integrity Insurance Group
Several large investors have recently made changes to their positions in AII. FJ Capital Management LLC increased its stake in shares of American Integrity Insurance Group by 1,261.6% during the 4th quarter. FJ Capital Management LLC now owns 153,491 shares of the company's stock worth $3,197,000 after purchasing an additional 142,218 shares during the last quarter. Donald Smith & CO. Inc. acquired a new stake in American Integrity Insurance Group in the 2nd quarter valued at about $2,192,000. Wasatch Advisors LP increased its position in American Integrity Insurance Group by 5.7% during the second quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company's stock worth $23,729,000 after buying an additional 67,977 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in American Integrity Insurance Group by 24.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 310,325 shares of the company's stock worth $6,464,000 after buying an additional 60,072 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in American Integrity Insurance Group in the first quarter valued at approximately $443,000.
American Integrity Insurance Group Company Profile
(
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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