American Coastal Insurance Corporation Announces the Completion of $5 Million in Common Stock Share Repurchases
American Coastal Insurance Corporation (ACIC)
Company Research
Source: GlobeNewswire
ST. PETERSBURG, Fla., March 17, 2026 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”) the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today the completion of $5 million in common stock share repurchases. Raymond James & Associates, Inc. acted as the broker for these repurchases, which took place in the open market and were completed on March 11, 2026. In total, the Company repurchased 438,746 shares at an average price of $11.40 per share. The Company remains authorized to repurchase an additional $20 million of common stock under the direction of its Board of Directors and Management team. “As part of a disciplined capital management strategy, we executed on this initiative consistent with significant improvements in our balance sheet strength and liquidity. American Coastal’s future is very bright, but future repurchases, if any, depend on market conditions,
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- American Coastal Insurance Corporation Announces the Appointment of Troy Crawford as Chief Underwriting OfficerGlobeNewswire
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- American Coastal Insurance (NASDAQ:ACIC) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=ACIC&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">WalMarketBeat
- American Coastal Insurance (NASDAQ:ACIC) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c+)" rating to a "buy (b-)" rating.MarketBeat