Added to YB: 2025-04-08
Pitch date: 2025-04-07
ACIC [bullish]
American Coastal Insurance Corporation
+16.03%
current return
Author Info
Miroslav Stepanek is investing in small cap companies. Sign up for the newsletter.
Company Info
American Coastal Insurance Corporation, through its subsidiaries, primarily engages in the commercial and personal property and casualty insurance business in the United States.
Market Cap
$492.2M
Pitch Price
$10.92
Price Target
37.50 (+196%)
Dividend
N/A
EV/EBITDA
2.62
P/E
6.20
EV/Sales
1.03
Sector
Insurance
Category
value
American Coastal - Florida property insurance company still below fair value
ACIC: FL property insurer at 6.9x P/E, specializing in hurricane-resistant condos. Strong 2023 despite Ian (86.5% CR). New MGA div for growth. $0.5 div paid, buybacks planned. Robust vs hurricanes. PT $37.5 in 3y (15x P/E, $2.5 EPS). Risks: major hurricane, soft market. Upside: high FCF yield, efficient capital allocation.
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