Profile
Sector:
Financial ServicesIndustry:
Insurance - Property & CasualtyCountry:
United StatesIPO:
07 November 2007Website:
http://www.amcoastal.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:02:16 GMTDividend
Analysts recommendations
Institutional Ownership
ACIC Latest News
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.
American Coastal Insurance Corporation (ACIC) Q4 2023 Earnings Call Transcript
What type of business is American Coastal Insurance?
American Coastal Insurance Corporation, through its subsidiaries, primarily engages in the commercial and personal property, and casualty insurance business in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners. It also provides commercial multi-peril property insurance for residential condominium associations and apartments, as well as loss or damage to buildings, inventory, and equipment caused by fire, wind, hail, water, theft, and vandalism. In addition, the company offers equipment breakdown, identity theft, and cyber security policies. The company markets and distributes its products through a network of independent agencies. The company was formerly known as United Insurance Holdings Corp. and changed its name to American Coastal Insurance Corporation in August 2023. American Coastal Insurance Corporation was founded in 1999 and is based in Saint Petersburg, Florida.
What sector is American Coastal Insurance in?
American Coastal Insurance is in the Financial Services sector
What industry is American Coastal Insurance in?
American Coastal Insurance is in the Insurance - Property & Casualty industry
What country is American Coastal Insurance from?
American Coastal Insurance is headquartered in United States
When did American Coastal Insurance go public?
American Coastal Insurance initial public offering (IPO) was on 07 November 2007
What is American Coastal Insurance website?
https://www.amcoastal.com
Is American Coastal Insurance in the S&P 500?
No, American Coastal Insurance is not included in the S&P 500 index
Is American Coastal Insurance in the NASDAQ 100?
No, American Coastal Insurance is not included in the NASDAQ 100 index
Is American Coastal Insurance in the Dow Jones?
No, American Coastal Insurance is not included in the Dow Jones index
When was American Coastal Insurance the previous earnings report?
No data
When does American Coastal Insurance earnings report?
Next earnings report date is not announced yet