Insider Selling: AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) COO Sells 177,084 Shares of Stock

AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) COO Christopher Griffith sold 177,084 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.99, for a total transaction of $1,946,153.16. Following the sale, the chief operating officer now owns 121,431 shares in the company, valued at $1,334,526.69. This trade represents a 59.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 shares were sold at an average price of $11.78, for a total transaction of $117,800.00.

AMERICAN COASTAL INSURANCE Stock Performance

Shares of ACIC stock opened at $10.92 on Tuesday. AMERICAN COASTAL INSURANCE Corp has a 12 month low of $8.82 and a 12 month high of $15.08. The firm has a market capitalization of $528.01 million, a PE ratio of 7.33 and a beta of -0.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AMERICAN COASTAL INSURANCE stock. Militia Capital Partners LP purchased a new stake in AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 90,658 shares of the company’s stock, valued at approximately $1,049,000. AMERICAN COASTAL INSURANCE makes up approximately 0.8% of Militia Capital Partners LP’s portfolio, making the stock its 26th largest holding. Militia Capital Partners LP owned approximately 0.19% of AMERICAN COASTAL INSURANCE as of its most recent filing with the Securities & Exchange Commission. 22.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of AMERICAN COASTAL INSURANCE from a “buy” rating to a “hold” rating in a research 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.