Added to YB: 2023-12-07
Pitch date: 2023-11-27
ACIC [bullish]
American Coastal Insurance Corporation
+55.17%
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
$8.16
Price Target
19.70 (+56%)
Dividend
N/A
EV/EBITDA
2.62
P/E
6.20
EV/Sales
1.03
Sector
Insurance
Category
growth
Show full summary:
American Coastal (NASDAQ: $ACIC) Q3 Update
ACIC: FL P&C insurer, comm rates +35-36%, Q3 BVPS $2.78 NI $14.4M dragged by $5.5M personal lines loss to sell in '24; FL comm hard mkt to expand as comps shrink; '23-30 proj 22% EPS growth, DCF 10x exit mult = 137% upside
Read full article (1 min)