Key Points
- CEO Robert Ritchie sold 50,700 AII shares at an average price of $27.41, generating approximately $1.39 million and reducing his stake by 2.8% to 1.76 million shares.
- American Integrity reported quarterly EPS of $1.78, beating estimates of $0.81, on $115.17 million in revenue; analysts project $3.82 in full-year EPS.
- Institutional buying and generally bullish analyst sentiment support the stock, which carries a “Moderate Buy” consensus and an average price target of $28.25, although one analyst maintains a sell rating and insider selling remains a concern.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 50,700 shares of the stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $27.41, for a total value of $1,389,687.00. Following the sale, the chief executive officer owned 1,760,433 shares of the company's stock, valued at $48,253,468.53. This represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
American Integrity Insurance Group Stock Performance
AII stock opened at $27.40 on Wednesday. The company's fifty day moving average price is $25.25 and its 200-day moving average price is $20.80. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $27.86. The company has a market capitalization of $536.73 million, a PE ratio of 6.09 and a beta of 0.02.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.97. The company had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. On average, research analysts predict that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current fiscal year.
Institutional Investors Weigh In On American Integrity Insurance Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AII. The Manufacturers Life Insurance Company purchased a new position in shares of American Integrity Insurance Group in the 2nd quarter worth approximately $908,000. BlackRock Inc. bought a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at approximately $16,723,000. Bank of New York Mellon Corp bought a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at approximately $945,000. Donald Smith & CO. Inc. purchased a new stake in American Integrity Insurance Group during the 2nd quarter valued at $2,192,000. Finally, Freestone Grove Partners LP purchased a new stake in American Integrity Insurance Group during the 2nd quarter valued at $9,251,000.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a "sell (d)" rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. 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. Piper Sandler increased their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Zacks Research raised shares of American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 17th. Finally, Citigroup restated an "outperform" rating on shares of American Integrity Insurance Group in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.25.
View Our Latest Analysis on American Integrity Insurance Group
Trending Headlines about American Integrity Insurance Group
Here are the key news stories impacting American Integrity Insurance Group this week:
- Positive Sentiment: Analyst upgrades supported the stock: Keefe, Bruyette & Woods raised its price target from $29 to $31 and kept an “outperform” rating, implying about 13% upside from the referenced price. Keefe, Bruyette & Woods Issues Positive Forecast for American Integrity Insurance Group
- Positive Sentiment: Citizens JMP increased its target from $26 to $29 and assigned a “market outperform” rating, signaling continued confidence in American Integrity’s earnings and growth outlook. The upgrade was also accompanied by a notable increase in trading volume. American Integrity Insurance Group Sees Large Volume Increase on Analyst Upgrade American Integrity Insurance Group Stock Price Expected to Rise
- Neutral Sentiment: The positive recommendations come as AII trades near its 52-week high, potentially reflecting strong investor momentum but also leaving less room for error if future results disappoint.
- Negative Sentiment: CEO Robert Ritchie sold a combined 123,564 shares in transactions from October 9 through October 13 for approximately $3.37 million. The sales reduced his direct holdings by about 6.7%, which may raise concerns about insider confidence or near-term valuation, though he still owns roughly 1.76 million shares.
About American Integrity Insurance Group
(
Get Free Report)
American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.
Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.
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