American Coastal Insurance Director Hudson Sherrill W Buys 10,000 Shares at $11/Share.

American Coastal Insurance Corporation (ACIC) has announced that Director Hudson Sherrill has acquired 10,000 shares of the company at a price of $11 per share on May 15, 2025.

American Coastal Insurance Corporation (ACIC) has seen significant recent activity in its shareholding. On May 15, 2025, Director Hudson Sherrill acquired 10,000 shares of the company at a price of $11 per share. This move follows a broader trend in the healthcare sector, as seen in the recent Q1 2025 13F filing of Scion Asset Management, founded by Michael Burry [1].

Scion Asset Management, known for its investment strategies in the healthcare sector, made notable moves in the first quarter of 2025. The firm exited five healthcare-related stakes, including American Coastal Insurance (ACIC), as reported in their 13F filing [1]. This strategic adjustment suggests a shift in Scion's healthcare portfolio, potentially signaling a change in market outlook or risk management strategy.

The acquisition of 10,000 shares by Director Hudson Sherrill at $11 per share could indicate a positive sentiment towards ACIC's future prospects. However, it is essential to consider this move in the context of broader market trends and the company's financial performance. Investors should closely monitor ACIC's financial reports and any future announcements to assess the impact of this acquisition.

References:
[1] https://seekingalpha.com/news/4449287-michael-burrys-scion-lightens-up-on-healthcare-portfolio-in-q1-moves