DAVIS KERN MICHAEL purchased ~$16K in American Coastal Insurance Corporation stock
American Coastal Insurance Corporation (ACIC) · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
+9.6%vs SPY +5.0%
Trade Details · Public SEC Filing
Insider
DAVIS KERN MICHAEL
Role
—
Transaction
Open-Market Purchase
Approx. Value
~$16K
Trade Date
Mar 22, 2024
Company
American Coastal Insurance Corporation
Ticker
ACICSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$16K purchase
A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.
+9.6% in 90 days (S&P 500: +5.0%)
This trade beat the S&P 500 by 4.7 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.
How good is DAVIS KERN MICHAEL at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
On March 22, 2024, DAVIS KERN MICHAEL — a corporate insider at American Coastal Insurance Corporation — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$16K in American Coastal Insurance Corporation (ACIC) stock.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
In the 90 days following this trade, ACIC returned +9.6% versus +5.0% for the S&P 500 over the same period.
VeritySignals Conviction Analysis
Full Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More ACIC Insider Activity
DAVIS KERN MICHAEL
Jun 26, 2025
~$10K
STRONG
Griffith Christopher
Jun 3, 2025
~$2.1M
STRONG
MARTZ BRAD
Mar 3, 2025
~$1.3M
STRONG
DAVIS KERN MICHAEL
Dec 14, 2023
~$61K
STRONG
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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