Boston Partners Makes New $6.41 Million Investment in American Integrity Insurance Group, Inc. $AII

Boston Partners bought a new stake in American Integrity Insurance Group, Inc. (NYSE:AII) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 348,778 shares of the company’s stock, valued at approximately $6,414,000. Boston Partners owned 1.78% of American Integrity Insurance Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AII. XTX Topco Ltd acquired a new position in shares of American Integrity Insurance Group during the second quarter valued at $192,000. Franklin Resources Inc. bought a new stake in American Integrity Insurance Group during the 2nd quarter worth about $2,833,000. Geode Capital Management LLC acquired a new position in American Integrity Insurance Group during the 2nd quarter valued at about $1,382,000. Emerald Mutual Fund Advisers Trust acquired a new position in American Integrity Insurance Group during the 2nd quarter valued at about $4,037,000. Finally, Emerald Advisers LLC bought a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $653,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AII. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Tuesday, October 14th. Citizens Jmp raised their price target on American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Monday, November 17th. JMP Securities lifted their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 14th. Finally, Piper Sandler increased their target price on American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $26.80.

Insider Buying and Selling

In related news, CEO Robert C. Ritchie sold 475,000 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $9,025,000.00. Following the completion of the sale, the chief executive officer directly owned 2,454,500 shares of the company’s stock, valued at approximately $46,635,500. This represents a 16.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven E. Smathers sold 171,800 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $3,264,200.00. Following the sale, the director owned 173,414 shares in the company, valued at $3,294,866. This trade represents a 49.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,000,000 shares of company stock valued at $57,000,000.

American Integrity Insurance Group Stock Performance

AII opened at $21.52 on Friday. The company has a market cap of $421.28 million and a PE ratio of 4.78. American Integrity Insurance Group, Inc. has a 12 month low of $15.77 and a 12 month high of $26.36. The company has a fifty day moving average price of $22.95.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.The firm had revenue of $62.03 million for the quarter.

American Integrity Insurance Group Profile

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.