Added to YB: 2024-02-07
Pitch date: 2024-02-07
ACIC [bullish]
American Coastal Insurance Corporation
+19.41%
current return
Author Info
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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
$10.61
Price Target
22.50 (+78%)
Dividend
N/A
EV/EBITDA
2.62
P/E
6.20
EV/Sales
1.03
Sector
Insurance
Category
turnaround
Show full summary:
Long American Coastal Insurance Corporation (ACIC)
$ACIC: Bet on winner CEO Dan Peed to rebuild core FL insurance biz valued at $14-$22/share (7-9x $2-$2.50 norm EPS) + grow new internal MGA like prior $100M+ success AmRisc. Motivated financially & reputationally after bad UIHC merger.
Read full article (4 min)