Federated Hermes Inc. Acquires New Shares in American Integrity Insurance Group, Inc. $AII

Federated Hermes Inc. bought a new position in American Integrity Insurance Group, Inc. (NYSE:AII) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 393,334 shares of the company’s stock, valued at approximately $7,233,000. Federated Hermes Inc. owned about 2.01% of American Integrity Insurance Group as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AII. Boston Partners purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $6,414,000. Emerald Mutual Fund Advisers Trust bought a new position in American Integrity Insurance Group during the second quarter valued at approximately $4,037,000. Franklin Resources Inc. purchased a new stake in American Integrity Insurance Group in the second quarter worth approximately $2,833,000. Marshall Wace LLP bought a new stake in American Integrity Insurance Group in the 2nd quarter worth approximately $2,123,000. Finally, Gamco Investors INC. ET AL bought a new stake in American Integrity Insurance Group in the 2nd quarter worth approximately $2,010,000.

Insider Buying and Selling at American Integrity Insurance Group

In other American Integrity Insurance Group news, CEO Robert C. Ritchie sold 475,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $19.00, for a total value of $9,025,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,454,500 shares in the company, valued at $46,635,500. This represents a 16.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder James E. Sowell sold 2,353,200 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $44,710,800.00. Following the completion of the sale, the insider directly owned 4,768,861 shares of the company’s stock, valued at approximately $90,608,359. This trade represents a 33.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,354,591 shares of company stock valued at $63,737,229 over the last 90 days.

American Integrity Insurance Group Stock Performance

NYSE:AII opened at $20.28 on Friday. The stock has a 50-day simple moving average of $22.63 and a two-hundred day simple moving average of $19.91. The firm has a market capitalization of $397.08 million and a PE ratio of 4.51. American Integrity Insurance Group, Inc. has a 52-week low of $15.77 and a 52-week high of $26.36.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Raymond James Financial reissued an “outperform” rating and set a $24.00 price target (up from $22.00) on shares of American Integrity Insurance Group in a report on Monday, September 22nd. Citizens Jmp upped their price objective on American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday, November 17th. Keefe, Bruyette & Woods boosted their price target on American Integrity Insurance Group from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Piper Sandler upped their price target on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.80.

American Integrity Insurance Group Company 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.