American Coastal Insurance
ACIC

$12.09

2.28%

Market Cap: 578M

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

Financials Fire, Marine & Casualty Insurance

0

Funds holding %

of 6,702 funds

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Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

142% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 12

23% more funds holding

Funds holding: 74 [Q4 2023] → 91 (+17) [Q1 2024]

13% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 23

7% more capital invested

Capital invested by funds: $91.2M [Q4 2023] → $97.9M (+$6.62M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

2.4% less ownership

Funds ownership: 21.97% [Q4 2023] → 19.57% (-2.4%) [Q1 2024]

56% less call options, than puts

Call options by funds: $5.52M | Put options by funds: $12.4M

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Research analyst outlook

We haven’t received any recent analyst ratings for ACIC.

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Financial journalist opinion

American Coastal Insurance Corporation Schedules Second Quarter 2024 Financial Results and Conference Call

ST. PETERSBURG, Fla., July 24, 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, announced today that it expects to release its financial results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, after the close of the market, and will conduct its quarterly conference call at 5:00 p.m. ET.

American Coastal Insurance Corporation Schedules Second Quarter 2024 Financial Results and Conference Call

American Coastal Insurance: A Remarkable Comeback

American Coastal Insurance has strong first quarter earnings with a combined ratio of 57.8% and core ROE of 69.7%, offering attractive earnings for investors. The company has a contrarian-like underwriting strategy focusing on high-risk areas, with solid reinsurance support and low-cost operations driving profitability. Earnings are well-protected with better rates in high-risk areas, cost-cutting measures, and a strong MGA agreement, leading to potential upside.

American Coastal Insurance: A Remarkable Comeback

American Coastal Insurance Corporation Announces a Five-Year Extension of Its Exclusive MGA Agreement With AmRisc and the Election of Two New Directors to Its Insurance Subsidiary

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--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 AmCoastal has entered a five-year extension of its exclusive Managing Agency Contract (the “MGA Agreement”) with AmRisc, LLC effective June 1, 2024, and expiring January 1, 2029, subject to regulatory approval. The MGA agreement remains mutually excl.

American Coastal Insurance Corporation Announces a Five-Year Extension of Its Exclusive MGA Agreement With AmRisc and the Election of Two New Directors to Its Insurance Subsidiary

Zacks Investment Research

Is American Coastal Insurance Corporation (ACIC) Outperforming Other Finance Stocks This Year?

Here is how American Coastal Insurance (ACIC) and Mr Cooper (COOP) have performed compared to their sector so far this year.

Is American Coastal Insurance Corporation (ACIC) Outperforming Other Finance Stocks This Year?

Zacks Investment Research

Has American Coastal Insurance Corporation (ACIC) Outpaced Other Finance Stocks This Year?

Here is how American Coastal Insurance (ACIC) and Crescent Capital BDC (CCAP) have performed compared to their sector so far this year.

Has American Coastal Insurance Corporation (ACIC) Outpaced Other Finance Stocks This Year?

Zacks Investment Research

3 Insurance Stocks to Buy as Interest Rates Remain High

American Coastal (ACIC), Hamilton Insurance (HG) and Oscar Health (OSCR) are three insurance stocks that you can look into as interest rates stay higher for longer.

3 Insurance Stocks to Buy as Interest Rates Remain High

Zacks Investment Research

Will American Coastal (ACIC) Gain on Rising Earnings Estimates?

American Coastal (ACIC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will American Coastal (ACIC) Gain on Rising Earnings Estimates?

Zacks Investment Research

All You Need to Know About American Coastal (ACIC) Rating Upgrade to Strong Buy

American Coastal (ACIC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About American Coastal (ACIC) Rating Upgrade to Strong Buy

Zacks Investment Research

Are Finance Stocks Lagging American Coastal Insurance Corporation (ACIC) This Year?

Here is how American Coastal Insurance (ACIC) and Mr Cooper (COOP) have performed compared to their sector so far this year.

Are Finance Stocks Lagging American Coastal Insurance Corporation (ACIC) This Year?

American Coastal Insurance Corporation (ACIC) Q1 2024 Earnings Call Transcript

American Coastal Insurance Corporation (NASDAQ:ACIC ) Q1 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Karin Daly - Vice President of Investor Relations Daniel Peed - Chairman & Chief Executive Officer Svetlana Castle - Chief Financial Officer Bennett Bradford Martz - President Conference Call Participants Bill Dezellem - Tieton Capital Management Operator Greetings, and welcome to the American Coastal Insurance Corporation First Quarter 2024 Financial Results Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.

American Coastal Insurance Corporation (ACIC) Q1 2024 Earnings Call Transcript

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