American Coastal Insurance Corp Completes $14.4M Q2 Stock Buyback
ACIC•American Coastal Insurance Corporation repurchased $14.4 million of its common stock in Q2 2026, acquiring 1,365,980 shares at an average price of $10.57 each. Year-to-date repurchases total $19.4 million, with $5.6 million of authorization still available for future buybacks.
1. Buyback Completion
American Coastal Insurance Corporation completed $14.4 million in open-market repurchases during Q2 2026, acquiring 1,365,980 common shares at an average price of $10.57 per share on June 26, 2026, with Raymond James & Associates acting as broker.
2. Year-to-Date Buyback Totals
Through the first two quarters of 2026, the company has repurchased $19.4 million of its common stock, reinforcing its capital allocation strategy and reducing share count.
3. Remaining Authorization and Strategy
The Board of Directors has approved an additional $5.6 million for future repurchases, with management evaluating market conditions, capital needs and other factors before deploying the remaining authorization.
