Brad Martz, President & CEO at AMERICAN COASTAL INSURANCE Corp (ACIC), bought 10,000 shares at $9.15 ($92K) on 2026-09-22, disclosed to the SEC on 2026-09-24.
President and CEO Brad Martz purchased 10,000 shares for $91,500, marking the largest insider purchase in the company's history, signaling confidence in the stock's value despite recent underperformance. This high-level endorsement comes as the company navigates a softening Florida insurance market and reports mixed earnings results.
ACIC is trading near its 52-week low of $9.08, down 19.34% over the past year and 18.14% over the last 90 days, with the stock currently priced at $9.115.
Q2 2026 earnings on August 5, 2026, where the company reported earnings and revenue misses of -21.43% and -0.79% respectively, creating a potential setup for a rebound; upcoming strategy updates regarding E&S expansion and navigating the soft Florida market as outlined on August 29, 2026.
The stock faces significant risk given a short interest of 7.01% of the float and a recent earnings miss of -21.43% on August 5, 2026, which may pressure the stock further if the market remains skeptical of the turnaround.
Something here stands out, but not much.
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| ACIC | SELL | 2024-08-19 | $291K | — | Filing → |
| UIHC | BUY | 2022-12-19 | $21K | — | Filing → |
| UIHC | BUY | 2022-12-15 | $3K | — | Filing → |