AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) COO Sells $117,800.00 in Stock

AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC - Get Free Report) COO Christopher Griffith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $11.78, for a total transaction of $117,800.00. Following the sale, the chief operating officer now owns 188,210 shares in the company, valued at approximately $2,217,113.80. The trade was a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AMERICAN COASTAL INSURANCE Stock Performance

NASDAQ ACIC traded down $0.04 on Friday, hitting $10.92. The company had a trading volume of 344,826 shares, compared to its average volume of 191,203. The firm has a market cap of $528.01 million, a PE ratio of 7.33 and a beta of -0.28. AMERICAN COASTAL INSURANCE Corp has a 12-month low of $8.82 and a 12-month high of $15.08.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded AMERICAN COASTAL INSURANCE from a "buy" rating to a "hold" rating in a research report on Friday, May 23rd.

Institutional Trading of AMERICAN COASTAL INSURANCE

A hedge fund recently bought a new stake in AMERICAN COASTAL INSURANCE stock. Strs Ohio bought a new stake in AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 41,900 shares of the company's stock, valued at approximately $485,000. Strs Ohio owned 0.09% of AMERICAN COASTAL INSURANCE as of its most recent filing with the Securities & Exchange Commission. 22.11% of the stock is currently owned by hedge funds and other institutional investors.

About AMERICAN COASTAL INSURANCE

American Coastal Insurance Corporation operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners.