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$13.31Annual ROE
183.63%Beta
0.68Events Calendar
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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.
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.
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 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.
Here is how American Coastal Insurance (ACIC) and Mr Cooper (COOP) have performed compared to their sector so far this year.
Here is how American Coastal Insurance (ACIC) and Crescent Capital BDC (CCAP) have performed compared to their sector so far this year.
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.
ACIC stock has been on the rise and could continue to climb in the short term, as suggested by strong revisions to earnings estimates.
American Coastal (ACIC) has been upgraded to a Zacks Rank #1 (Strong Buy), indicating increasing confidence in the company's potential for earnings growth. This could lead to a potential rise in the stock price in the short run.
Here is the performance of American Coastal Insurance (ACIC) and Mr Cooper (COOP) compared to their sector this year.
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