American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $26.35, for a total value of $263,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,899,171 shares in the company, valued at approximately $50,043,155.85. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
American Integrity Insurance Group Price Performance
Shares of AII opened at $26.26 on Friday. American Integrity Insurance Group, Inc. has a 1 year low of $16.19 and a 1 year high of $27.00. The company has a 50 day simple moving average of $20.77 and a two-hundred day simple moving average of $19.22. The firm has a market cap of $514.43 million, a P/E ratio of 5.84 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 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $115.17 million for the quarter. On average, sell-side analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current year.
Wall Street Analyst Weigh In
AII has been the topic of several research analyst reports. Raymond James Financial set a $27.00 price target 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 research report on Saturday, August 15th. Citigroup reaffirmed an "outperform" rating on shares of American Integrity Insurance Group in a 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 report on Monday, June 1st. Finally, Zacks Research raised American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 17th. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.50.
View Our Latest Analysis on American Integrity Insurance Group
Institutional Investors Weigh In On American Integrity Insurance Group
A number of hedge funds have recently bought and sold shares of AII. NewEdge Advisors LLC bought a new position in American Integrity Insurance Group during the fourth quarter valued at $33,000. New York State Common Retirement Fund purchased a new position in shares of American Integrity Insurance Group in the 4th quarter worth $42,000. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of 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 worth $51,000 after buying an additional 1,549 shares during the last quarter. California State Teachers Retirement System raised its position in shares of American Integrity Insurance Group by 375.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company's stock valued at $59,000 after buying an additional 2,484 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of American Integrity Insurance Group in the 3rd quarter valued at about $72,000.
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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