Key Points
- CEO Robert Ritchie sold 19,122 shares for about $573,851 at an average price of $30.01, reducing his ownership by 1.10%; he retained 1,714,875 shares.
- American Integrity reported quarterly EPS of $1.44, beating analyst estimates of $0.67, on revenue of $113.49 million.
- The stock fell 2.1% to $27.81 in Friday trading. Analysts’ consensus rating was Moderate Buy, with an average price target of $29.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 19,122 shares of the firm's stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $30.01, for a total value of $573,851.22. Following the transaction, the chief executive officer directly owned 1,714,875 shares of the company's stock, valued at approximately $51,463,398.75. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
American Integrity Insurance Group Stock Down 2.1%
AII traded down $0.61 during midday trading on Friday, hitting $27.81. 224,543 shares of the company were exchanged, compared to its average volume of 214,471. The firm has a market capitalization of $544.82 million, a P/E ratio of 5.28 and a beta of -0.17. American Integrity Insurance Group, Inc. has a 1-year low of $16.19 and a 1-year high of $32.21. The firm's 50 day moving average price is $27.09 and its 200-day moving average price is $21.33.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last released its quarterly earnings results on Tuesday, November 10th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.77. The firm had revenue of $113.49 million for the quarter. American Integrity Insurance Group had a return on equity of 30.27% and a net margin of 26.64%. On average, sell-side analysts predict that American Integrity Insurance Group, Inc. will post 4.27 earnings per share for the current fiscal year.
Institutional Trading of American Integrity Insurance Group
A number of institutional investors have recently bought and sold shares of AII. GAMMA Investing LLC grew its holdings in American Integrity Insurance Group by 9,544.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,736 shares of the company's stock worth $43,000 after acquiring an additional 1,718 shares during the period. NewEdge Advisors LLC lifted its stake in shares of American Integrity Insurance Group by 156.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,100 shares of the company's stock valued at $79,000 after purchasing an additional 2,500 shares during the period. State of Wyoming acquired a new position in shares of American Integrity Insurance Group in the 1st quarter valued at about $134,000. Deutsche Bank AG acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $199,000. Finally, PDT Partners LLC bought a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $216,000.
Analysts Set New Price Targets
AII has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. Zacks Research raised shares of American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Wall Street Zen upgraded shares of American Integrity Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Citizens Jmp boosted their price target on shares of American Integrity Insurance Group from $29.00 to $32.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the company an "outperform" rating in a research note on Monday, October 12th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.00.
Read Our Latest Stock Report on American Integrity Insurance Group
About American Integrity Insurance Group
(
Get Free Report)
American Integrity Insurance Group, Inc. is a property and casualty insurance holding company focused primarily on the Florida residential market. Its insurance products include coverage for homeowners, condominium unit owners, renters, manufactured homes and rental properties. The company was founded in 2006 and is headquartered in Tampa, Florida. It serves customers through independent insurance agents and operates through its insurance subsidiaries, including American Integrity Insurance Company of Florida.
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