AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) COO Christopher Griffith Sells 177,084 Shares

AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC - Get Free Report) COO Christopher Griffith sold 177,084 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.99, for a total transaction of $1,946,153.16. Following the transaction, the chief operating officer now directly owns 121,431 shares in the company, valued at approximately $1,334,526.69. The trade was a 59.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Christopher Griffith also recently made the following trade(s):

• On Tuesday, June 3rd, Christopher Griffith sold 10,000 shares of AMERICAN COASTAL INSURANCE stock. The stock was sold at an average price of $11.78, for a total value of $117,800.00.

AMERICAN COASTAL INSURANCE Trading Down 0.1%

Shares of AMERICAN COASTAL INSURANCE stock traded down $0.01 on Thursday, reaching $10.65. The stock had a trading volume of 177,419 shares, compared to its average volume of 194,251. The stock has a market capitalization of $514.96 million, a price-to-earnings ratio of 7.15 and a beta of -0.28. AMERICAN COASTAL INSURANCE Corp has a fifty-two week low of $8.82 and a fifty-two week high of $15.08.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AMERICAN COASTAL INSURANCE stock. Strs Ohio bought a new stake in shares of AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 41,900 shares of the company's stock, valued at approximately $485,000. Strs Ohio owned about 0.09% of AMERICAN COASTAL INSURANCE at the end of the most recent reporting period. 22.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

AMERICAN COASTAL INSURANCE Company Profile

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.