AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC - Get Free Report) COO Christopher Griffith sold 10,000 shares of AMERICAN COASTAL INSURANCE stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $11.78, for a total transaction of $117,800.00. Following the transaction, the chief operating officer now directly owns 188,210 shares of the company's stock, valued at approximately $2,217,113.80. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
AMERICAN COASTAL INSURANCE Stock Performance
Shares of ACIC remained flat at $10.96 during mid-day trading on Friday. 99,323 shares of the stock were exchanged, compared to its average volume of 188,873. AMERICAN COASTAL INSURANCE Corp has a one year low of $8.82 and a one year high of $15.08. The firm has a market cap of $529.95 million, a P/E ratio of 7.36 and a beta of -0.28.
Hedge Funds Weigh In On AMERICAN COASTAL INSURANCE
A hedge fund recently bought a new stake in AMERICAN COASTAL INSURANCE stock. Strs Ohio acquired a new stake in AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 41,900 shares of the company's stock, valued at approximately $485,000. Strs Ohio owned 0.09% of AMERICAN COASTAL INSURANCE at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.11% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded AMERICAN COASTAL INSURANCE from a "buy" rating to a "hold" rating in a research note on Friday, May 23rd.
View Our Latest Stock Analysis on ACIC
About AMERICAN COASTAL INSURANCE
(
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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.
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