AAMI Acadian Asset Management — QuoTrend

Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-08-26	Reiterated	Evercore ISI		$70 → $80
May-20-26	Reiterated	RBC Capital	Sector Perform	$60 → $66
Apr-28-26	Reiterated	Morgan Stanley	Equal Weight	$50 → $60
Apr-21-26	Reiterated	RBC Capital	Sector Perform	$54 → $60
Apr-10-26	Reiterated	Evercore ISI		$59 → $60
Feb-03-26	Reiterated	Morgan Stanley	Equal Weight	$49 → $50
Dec-17-25	Reiterated	Morgan Stanley	Equal Weight	$43 → $49
Nov-06-25	Reiterated	Evercore ISI		$55 → $52
Oct-31-25	Reiterated	Evercore ISI		$48 → $55
Oct-06-25	Reiterated	Morgan Stanley	Equal Weight	$27 → $43

Financial Statements

DataTimeframe

Line Item (USD, M)		TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018
Total Revenue		641	594	506	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A		-11	42	266
Gross Profit		652	552	239
Selling, General and Administrative Excl. Other		70	92	85
Research and Development		0	0	0
Other Operating Expense		410	297	19
Operating Income		173	163	136
Interest Expense		20	22	19
Unusual Expense		—	—	—
Non-Operating Income (Expense)		4	-2	-10
Net Income Before Taxes		149	143	126
Income Taxes		41	37	39
Consolidated Net Income		84	80	85
Net Income From Continuing Operations		107	107	87
Net Income		84	80	85
EPS (Recurring)		2.35	2.21	2.25
EPS (Basic, Before Extraordinaries)		2.35	2.21	2.25
EPS (Diluted)		2.35	2.21	2.22
EBITDA		185	182	164
Other After Tax Adjustments		—	—	—
Stock Option Compensation Expense		—	—	—
Price To Earnings Ratio		31.98	21.27	—
Price To Sales Ratio		4.22	2.85	—
Gross Margin		101.72	92.93	47.23
Operating Margin		26.99	27.44	26.88
Net Margin		13.10	13.47	16.80
Shares Outstanding		36	36	38
Market Capitalization		2,705	1,692	—
Operating Lease Expense		—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Trebbi Barbara	Director	May 14 '26	Option Exercise	0.00	6,572	0	39,057	May 18 12:00 AM
Paulson John	director, 10 percent owner:	May 14 '26	Option Exercise	0.00	11,500	0	29,510	May 18 12:00 AM
Chersi Robert J	Director	May 14 '26	Option Exercise	0.00	6,572	0	3,286	May 18 12:00 AM
Hart Richard Jonathan	CLO and CAO	May 04 '26	Sale	66.97	100,000	6,697,021	73,863	May 05 12:00 AM
Wiater Christina	PFO / PAO	Feb 15 '26	Option Exercise	0.00	10,360	0	27,135	Feb 18 12:00 AM
Hart Richard Jonathan	CLO and CAO	Feb 15 '26	Option Exercise	0.00	19,100	0	178,481	Feb 18 12:00 AM
Hart Richard Jonathan	CLO and CAO	Feb 14 '26	Option Exercise	0.00	11,510	0	171,713	Feb 18 12:00 AM
Wiater Christina	PFO / PAO	Feb 14 '26	Option Exercise	0.00	8,012	0	23,131	Feb 18 12:00 AM
Chersi Robert J	Director	Feb 11 '26	Sale	51.30	28,753	1,475,029	37,384	Feb 12 12:00 AM
Trebbi Barbara	Director	Feb 10 '26	Sale	51.22	9,691	496,329	35,771	Feb 12 12:00 AM
PAULSON & CO. INC.	10% Owner	Sep 03 '25	Sale	47.69	1,206,839	57,554,152	7,743,282	Sep 05 12:00 AM
Trebbi Barbara	Director	May 13 '25	Option Exercise	0.00	8,874	0	45,462	May 15 12:00 AM
Paulson John	director, 10 percent owner:	May 13 '25	Option Exercise	0.00	15,528	0	23,760	May 15 12:00 AM
Chersi Robert J	Director	May 13 '25	Option Exercise	0.00	8,874	0	27,986	May 15 12:00 AM
Hart Richard Jonathan	CLO and CAO	Feb 15 '25	Option Exercise	0.00	32,248	0	171,902	Feb 19 12:00 AM