Florida insurer American Integrity eases as top investor, CEO to reduce stakes

American Integrity Insurance

18/11/2025 18:22

** American Integrity Insurance's AII.N shares down 0.4% at $24.06 on Tues after residential property insurer launched secondary offering

    ** Tampa, Florida-based AII late Mon said certain stockholders to offload 3 mln shares

    ** Real estate investor James Sowell parting ways with ~2.7 mln shares, to cut his stake by 12% to 24.4%, and CEO Robert Ritchie to sell 550,578 shares, per the offering prospectus

** KBW, Piper Sandler, and William Blair are active joint bookrunners

** AII went public on May 8 after ~6.9-mln-share IPO priced at $16. Its stock hit post-IPO intraday peak of $26.36 last Tues

** After the bell that day, AII reported 15.4-point yr/yr improvement in Q3 combined ratio to 78.9%, driven by strong voluntary policy growth and benign catastrophe environment, and gross premiums written increased 48.5%

** About 70,000 AII shares have traded on the session vs the stock's 50-DMA volume of roughly 122,000 shares, per LSEG data

    ** 5 of 6 analysts covering AII rate stock "strong buy" or "buy", 1 has "hold", their median PT is $27.50

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))