American Coastal Insurance Corporation (ACIC)
American Coastal Insurance Corporation operates in the Insurance - Property & Casualty industry of the Financial Services sector, headquartered in Saint Petersburg, FL, US. The stock last traded at $9.40, up 3.64% on the session, giving a market capitalisation of $455.6M. On trailing twelve-month figures it carries a trailing P/E of 4.52, a net margin of 30.3%. Its beta of -0.48 implies it has historically moved less than the broad market.
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 provides structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners. It also offers commercial multi-peril property insurance for residential condominium associations and apartments, as well as coverage to policyholders for loss or damage to buildings, inventory, and equipment caused by fire, wind, hail, water, theft, and vandalism. In addition, the company provides equipment breakdown, identity theft, and flood 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 July 2023. American Coastal Insurance Corporation was founded in 1999 and is based in Saint Petersburg, Florida.
American Coastal Insurance Corporation is most often compared with the following Financial Services names: