Sherrill Hudson Bought 5.3% More Shares In American Coastal Insurance

Potential American Coastal Insurance Corporation (NASDAQ:ACIC) shareholders may wish to note that the Independent Director, Sherrill Hudson, recently bought US$110k worth of stock, paying US$11.00 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 5.3%.

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American Coastal Insurance Insider Transactions Over The Last Year

The COO & Chief Information Officer, Christopher Griffith, made the biggest insider sale in the last 12 months. That single transaction was for US$118k worth of shares at a price of US$11.82 each. So we know that an insider sold shares at around the present share price of US$11.18. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last twelve months insiders purchased 21.50k shares for US$250k. But they sold 15.25k shares for US$177k. Overall, American Coastal Insurance insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for American Coastal Insurance

American Coastal Insurance is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that American Coastal Insurance insiders own 42% of the company, worth about US$216m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The American Coastal Insurance Insider Transactions Indicate?

Insider buying and selling have balanced each other out in the last three months, so we can't deduct anything useful from these recent trades. On a brighter note, the transactions over the last year are encouraging. With high insider ownership and encouraging transactions, it seems like American Coastal Insurance insiders think the business has merit. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing American Coastal Insurance. Every company has risks, and we've spotted 1 warning sign for American Coastal Insurance you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.