On September 23, 2024, Michael Hogan, Director at American Coastal Insurance Corp (ACIC, Financial), purchased 8,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 356,753.745 shares of American Coastal Insurance Corp.
American Coastal Insurance Corp specializes in providing insurance products and services. The company's stock was trading at $11.37 on the day of the transaction, giving it a market cap of $520.937 million.
The price-earnings ratio of American Coastal Insurance Corp stands at 7.62, which is lower than the industry median of 11.22. This ratio is also below the company's historical median, indicating a potentially lower valuation relative to past earnings.
According to the GF Value, the intrinsic value of the stock is estimated at $3.81 per share, making the current price-to-GF-Value ratio 2.98. This suggests that the stock is Significantly Overvalued based on its GF Value.
The insider transaction history for American Coastal Insurance Corp shows a balanced activity over the past year, with 4 insider buys and 4 insider sells. This recent purchase by Michael Hogan aligns with a continued interest from insiders in acquiring shares.
This insider buying activity could be a signal to investors about the perceived value of the stock by those closest to the company. However, the valuation metrics such as the price-earnings ratio and the GF Value suggest a careful assessment might be necessary.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
