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

AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) COO Christopher Griffith sold 177,084 shares of the company’s stock in a transaction dated 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 owns 121,431 shares in the company, valued at approximately $1,334,526.69. This trade represents a 59.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $11.78, for a total transaction of $117,800.00.

AMERICAN COASTAL INSURANCE Stock Performance

ACIC opened at $10.74 on Wednesday. AMERICAN COASTAL INSURANCE Corp has a 52-week low of $8.82 and a 52-week high of $15.08. The stock has a market cap of $519.31 million, a PE ratio of 7.21 and a beta of -0.28.

Hedge Funds Weigh In On AMERICAN COASTAL INSURANCE

An institutional investor recently bought a new position in AMERICAN COASTAL INSURANCE stock. Strs Ohio purchased a new position in AMERICAN COASTAL INSURANCE Corp (NASDAQ:ACIC) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 quarter. Institutional investors and hedge funds own 22.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of 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.