Key Points
- CEO Robert Ritchie sold 9,174 shares of American Integrity Insurance Group at an average price of $25.92, generating approximately $237,790. He continues to own 1.88 million shares valued at about $48.8 million.
- American Integrity reported quarterly EPS of $1.78, beating the consensus estimate of $0.81 by $0.97, 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 a consensus rating of “Moderate Buy” and a $26.50 price target, although Weiss Ratings maintained a sell rating. Shares opened at $26.07, near the company’s one-year high of $27.00.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 9,174 shares of the business's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $25.92, for a total transaction of $237,790.08. Following the completion of the transaction, the chief executive officer owned 1,883,997 shares in the company, valued at $48,833,202.24. This represents a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
American Integrity Insurance Group Price Performance
Shares of American Integrity Insurance Group stock opened at $26.07 on Thursday. The business has a 50-day moving average of $21.25 and a 200-day moving average of $19.40. The company has a market capitalization of $510.79 million, a PE ratio of 5.79 and a beta of -0.08. American Integrity Insurance Group, Inc. has a 1-year low of $16.19 and a 1-year high of $27.00.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last released its quarterly 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. The business had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. On average, equities analysts expect that American Integrity Insurance Group, Inc. will post 3.82 earnings per share for the current fiscal year.
Institutional Trading of American Integrity Insurance Group
A number of large investors have recently modified their holdings of the company. 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 worth $59,000 after buying an additional 2,484 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of American Integrity Insurance Group by 88.5% in the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company's stock valued at $439,000 after acquiring an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of American Integrity Insurance Group in the second quarter valued at approximately $272,000. Bank of America Corp DE acquired a new position in shares of American Integrity Insurance Group during the second quarter valued at approximately $3,942,000. Finally, Freestone Grove Partners LP bought a new stake in American Integrity Insurance Group during the second quarter worth approximately $9,251,000.
Analyst Ratings Changes
A number of equities analysts have issued reports on AII shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Citizens Jmp lifted their price target on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 12th. Piper Sandler upped 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 report on Thursday, August 13th. Wall Street Zen upgraded shares of American Integrity Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Finally, Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $26.50.
Get Our Latest Stock Report on American Integrity Insurance Group
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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