American Coastal InsuranceACIC
ACIC
About: American Coastal Insurance Corp is a holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly-owned insurance subsidiary. The company has two segments namely: Commercial Lines Business and Personal Lines Business. It derives maximum revenue from Commercial Lines Business Segment.
Employees: 71
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
69% more call options, than puts
Call options by funds: $5.73M | Put options by funds: $3.39M
34% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 29
12% more capital invested
Capital invested by funds: $110M [Q2] → $124M (+$13M) [Q3]
1.02% more ownership
Funds ownership: 21.89% [Q2] → 22.91% (+1.02%) [Q3]
5% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 19
0% more funds holding
Funds holding: 106 [Q2] → 106 (+0) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$16
29%
upside
Avg. target
$16
29%
upside
High target
$16
29%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Raymond James C. Gregory Peters 90% 1-year accuracy 37 / 41 met price target | 29%upside $16 | Outperform Maintained | 12 Nov 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
3 weeks ago
Best Value Stocks to Buy for December 31st
ACIC, NWBI and NCLH made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 31, 2024.
Positive
Zacks Investment Research
3 weeks ago
Best Value Stocks to Buy for December 26th
VLRS, OII and ACIC made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 26, 2024.
Positive
Seeking Alpha
1 month ago
American Coastal: Well-Positioned For Continued Profitability
I reaffirm my buy rating for American Coastal with a long-term price target of $20, as the stock hits new highs at $14 per share. Despite Hurricane Milton and Helene, American Coastal's strong reinsurance and careful underwriting resulted in minimal after-tax losses, showcasing their resilience. ACIC's exclusion of flood damage and substantial reinsurance capacity demonstrate their preparedness and expertise in managing high-risk areas.
Neutral
GlobeNewsWire
1 month ago
American Coastal Insurance Corporation Declares Special Cash Dividend of $0.50 Per Share
ST. PETERSBURG, Fla., Dec. 04, 2024 (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 that its Board of Directors declared a special cash dividend of $0.50 per share of common stock outstanding, payable on January 10, 2025, to shareholders of record on January 2, 2025.
Neutral
Finbold
2 months ago
‘Big Short' Michael Burry stock portfolio update
After the famous ‘Big Short' investor Michael Burry abandoned his 2023 bet against the semiconductor industry – though, interestingly, the short position may not have been wrong, only poorly timed – he again stirred controversy with his persistent bullishness about Chinese stocks.
Positive
Zacks Investment Research
2 months ago
American Coastal Insurance (ACIC) Surpasses Q3 Earnings Estimates
American Coastal Insurance (ACIC) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.34 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
American Coastal Insurance Corporation to Host Their 2024 Virtual Investor Day on December 4th at 11:00 a.m. ET
ST. PETERSBURG, Fla., Nov. 04, 2024 (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”), will host their 2024 Virtual Investor Day on Wednesday, December 4, 2024, at 11:00 a.m. Eastern Time.
Neutral
Zacks Investment Research
2 months ago
American Coastal Insurance (ACIC) Earnings Expected to Grow: Should You Buy?
American Coastal (ACIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
GlobeNewsWire
2 months ago
American Coastal Insurance Corporation Provides Hurricane Loss Updates and Schedules Release of Third Quarter 2024 Financial Results and Conference Call
ST. PETERSBURG, Fla., Oct. 23, 2024 (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 estimated hurricane losses for the 2024 third and fourth quarters. The Company also expects to release its financial results for the third quarter ended September 30, 2024, on Wednesday, November 6, 2024, after the close of the market, and will conduct its quarterly conference call at 5:00 p.m. ET.
Positive
Barrons
3 months ago
Hurricane Milton Did Less Damage Than Feared. Insurance Stocks Rally.
The storm avoided a direct strike on Tampa, which is home to three million residents.
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