Key Points
- CEO Robert Ritchie sold 6,000 American Integrity Insurance Group shares at an average price of $26.50, generating $159,000. He retains 1,893,171 shares worth approximately $50.2 million, a 0.32% reduction in his position.
- American Integrity reported quarterly EPS of $1.78, beating the $0.81 consensus estimate, on revenue of $115.17 million. The company posted a 26.20% net margin and 26.74% return on equity.
- Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and a $26.50 price target; recent target increases ranged from $26 to $27, while institutional investors also added to their positions.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 6,000 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $26.50, for a total value of $159,000.00. Following the transaction, the chief executive officer directly owned 1,893,171 shares of the company's stock, valued at $50,169,031.50. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
American Integrity Insurance Group Price Performance
NYSE:AII opened at $25.47 on Wednesday. The company has a market capitalization of $498.96 million, a PE ratio of 5.66 and a beta of -0.09. American Integrity Insurance Group, Inc. has a 1-year low of $16.19 and a 1-year high of $27.00. The firm's 50-day moving average price is $21.09 and its 200-day moving average price is $19.34.
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 (EPS) for the quarter, beating 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 during the quarter. Equities analysts anticipate that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Piper Sandler upped their target price 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. Citizens Jmp boosted their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a "market outperform" rating in a report on Wednesday, August 12th. 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. Wall Street Zen upgraded shares of American Integrity Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $26.50.
Read Our Latest Analysis on American Integrity Insurance Group
Hedge Funds Weigh In On American Integrity Insurance Group
Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new position in shares of American Integrity Insurance Group in the 4th quarter valued at about $33,000. New York State Common Retirement Fund purchased a new stake in American Integrity Insurance Group in the fourth quarter worth $42,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in American Integrity Insurance Group by 172.7% during 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 buying an additional 1,549 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of American Integrity Insurance Group by 375.8% during the second quarter. California State Teachers Retirement System now owns 3,145 shares of the company's stock valued at $59,000 after acquiring an additional 2,484 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in American Integrity Insurance Group in the third quarter worth approximately $72,000.
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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