BuybackJun 29, 2026, 04:06 PM
American Coastal completes $14.4M share buyback in Q2
AI Summary
American Coastal Insurance Corporation announced the completion of $14.4 million in common stock share repurchases during the second quarter of 2026. The company repurchased 1,365,980 shares at an average price of $10.57 per share, bringing the year-to-date total to $19.4 million. American Coastal retains authorization to repurchase an additional $5.6 million of common stock, with management indicating a readiness to execute based on market conditions.
Key Highlights
- Completed $14.4 million in common stock share repurchases during Q2 2026.
- Repurchased 1,365,980 shares at an average price of $10.57 per share.
- Total year-to-date repurchases reached $19.4 million.
- Company has $5.6 million remaining under its current authorization.
Price Impact
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