American Coastal Insurance (Nasdaq: ACIC) completed $14.4 million in common stock repurchases during Q2 2026, finishing on June 26. The company bought 1,365,980 shares at an average price of $10.57, bringing year-to-date repurchases to $19.4 million, with $5.6 million remaining authorized.
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Positive
Q2 2026 repurchases of $14.4 million in common stock completed
Total 2026 year-to-date buybacks reach $19.4 million
Repurchased 1,365,980 shares at an average price of $10.57
Remaining buyback authorization of $5.6 million under Board direction
Negative
Use of $14.4 million in Q2 reduces available cash for other purposes
Only $5.6 million remains under the current repurchase authorization
Market Context
This announcement highlights ACIC’s active capital return, with $14.4M repurchased in Q2 and $19.4M ...
Analysis
This announcement highlights ACIC’s active capital return, with $14.4M repurchased in Q2 and $19.4M year-to-date. Compared with March’s buyback update, it reinforces a consistent program, though future repurchases remain sensitive to capital needs and market conditions.
Key Figures
Q2 2026 repurchases:$14.4 millionShares repurchased Q2:1,365,980 sharesAverage repurchase price:$10.57 per share+3 more
Announced $5M open-market repurchases as part of capital management strategy.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Prior buyback news in March 2026 was followed by a modest share-price decline despite the capital return.
Key Terms
open market, trading window, repurchase initiative, authorization
4 terms
open marketfinancial
"repurchases, which took place in the open market and were completed"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
trading windowfinancial
"During the second trading window of the year we continued executing"
A trading window is a designated time period when company insiders and certain employees are allowed to buy or sell the company’s stock under internal policies and securities rules. Like a store’s open hours, it creates a predictable, legal opportunity for insiders to trade without using confidential information; investors watch these trades for clues about insider confidence and to be reassured that the company is following rules that reduce legal and reputational risk.
repurchase initiativefinancial
"we continued executing on our repurchase initiative to the tune"
A repurchase initiative is a program where a company buys back its own shares from the market using cash or debt, reducing the number of shares available to outside investors. For investors, that matters because it can raise per-share earnings and the share price like a company taking slices out of a pie to leave each remaining slice bigger; it also signals management’s view on where the best use of cash lies and can change dividend yields and ownership stakes.
authorizationfinancial
"prepared to execute on the remaining authorization if these conditions"
Authorization is a formal permission granted by an authority—such as a regulator, board of directors, or government—to carry out a specific activity, sell a product, or use funds. For investors, authorization matters because it often unlocks a company’s ability to generate revenue, launch products, or execute transactions; think of it like a license or green light that reduces uncertainty and can materially change a company’s prospects.
ST. PETERSBURG, Fla., June 29, 2026 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”) the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today the completion of $14.4 million in common stock share repurchases during the second quarter of 2026. Raymond James & Associates, Inc. acted as the broker for these repurchases, which took place in the open market and were completed on June 26, 2026. In total, the Company repurchased 1,365,980 shares at an average price of $10.57 per share. This brings total repurchases for the year to $19.4 million. The Company remains authorized to repurchase an additional $5.6 million of common stock under the direction of its Board of Directors.
“During the second trading window of the year we continued executing on our repurchase initiative to the tune of nearly $15 million. American Coastal will continue to evaluate market conditions, capital needs, and other considerations and will be prepared to execute on the remaining authorization if these conditions are aligned,” said Brad Martz, President & CEO.
About American Coastal Insurance Corporation: American Coastal Insurance Corporation (amcoastal.com) is the holding company of the insurance carrier, American Coastal Insurance Company, which was founded in 2007 for the purpose of insuring Condominium and Homeowner Association properties, and apartments in the state of Florida. American Coastal Insurance Company has an exclusive partnership for distribution of Condominium Association properties in the state of Florida with AmRisc Group (amriscgroup.com), one of the largest Managing General Agents in the country specializing in hurricane-exposed properties. American Coastal Insurance Company has earned a Financial Stability Rating of “A”, Exceptional’ from Demotech, and maintains an “A-” insurance financial strength rating with a Positive outlook by Kroll. ACIC maintains a ‘BBB-’ issuer rating with a Positive outlook by Kroll.
Contact Information: Alexander Baty Vice President, Finance & Investor Relations, American Coastal Insurance Corporation investorrelations@amcoastal.com (727) 425-8076
What did American Coastal Insurance (ACIC) announce about its Q2 2026 share repurchase?
American Coastal Insurance completed $14.4 million in common stock repurchases in Q2 2026. According to American Coastal, the buybacks totaled 1,365,980 shares at an average price of $10.57, finished on June 26, 2026.
How many ACIC shares were repurchased in Q2 2026 and at what price?
American Coastal repurchased 1,365,980 ACIC shares in Q2 2026 at an average price of $10.57. According to American Coastal, these open-market transactions were executed through Raymond James & Associates and completed on June 26, 2026.
What is the total value of American Coastal Insurance (ACIC) share buybacks in 2026 so far?
American Coastal has repurchased $19.4 million of common stock in 2026 year-to-date. According to American Coastal, Q2 2026 buybacks of $14.4 million added to earlier repurchases, reflecting ongoing execution of its Board-authorized share repurchase initiative.
How much share repurchase authorization does American Coastal Insurance (ACIC) have remaining?
American Coastal still has authorization to repurchase an additional $5.6 million of common stock. According to American Coastal, further buybacks will depend on market conditions, capital needs, and other considerations as directed by its Board of Directors.
Who executed the Q2 2026 share repurchases for American Coastal Insurance (ACIC)?
Raymond James & Associates acted as broker for American Coastal’s Q2 2026 repurchases. According to American Coastal, the firm executed open-market purchases totaling $14.4 million in ACIC common stock, completed on June 26, 2026.
What does the 2026 ACIC share buyback mean for American Coastal shareholders?
The 2026 buybacks reduce ACIC’s public float by $19.4 million of stock. According to American Coastal, these repurchases are part of a Board-directed capital allocation program that may enhance per-share ownership if future conditions justify continued execution.
