All You Need to Know About American Coastal (ACIC) Rating Upgrade to Strong Buy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2024
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Source: NASDAQ.COM
- American Coastal Insurance Upgrade: American Coastal Insurance (ACIC) received a Zacks Rank #1 (Strong Buy) due to an upward trend in earnings estimates, indicating positive earnings outlook and potential stock price increase.
- Earnings Estimate Impact on Stock Prices: Changes in a company's future earnings potential strongly correlate with stock price movements, influenced by institutional investors using earnings estimates to calculate fair value and make buying/selling decisions.
- Harnessing Earnings Estimate Revisions: Tracking trends in earnings estimate revisions can be rewarding for investment decisions, with the Zacks Rank stock-rating system effectively utilizing this data to classify stocks into different categories.
- Earnings Estimate for American Coastal: Analysts expect American Coastal to earn $1.50 per share for the fiscal year ending December 2024, with a significant year-over-year change and a 20% increase in consensus estimates over the past three months.
- Zacks Rating System: The Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its stocks, positioning ACIC in the top 5% of Zacks-covered stocks, suggesting potential market-beating returns in the near term.
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Analyst Views on ACIC
About ACIC
American Coastal Insurance Corporation is the holding company of the insurance carrier, American Coastal Insurance Company. The Company is focused on underwriting commercial residential property insurance. Its other subsidiaries include United Insurance Management, L.C. (UIM), a managing general agent; Skyway Claims Services, LLC (SCS), which provides claims adjusting services to its insurance companies; AmCo Holding Company, LLC (AmCo) which is a holding company subsidiary that consolidates its respective insurance company; BlueLine Cayman Holdings (BlueLine), which reinsures portfolios of excess and surplus policies; Shoreline Re, which provides a portion of the reinsurance protection purchased by its insurance subsidiaries when prudent; Skyway Reinsurance Services, LLC, which provides reinsurance brokerage services for its insurance companies, and Skyway Legal Services, LLC (SLS), which provides claims litigation services to its insurance companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
American Coastal Insurance Declares $0.75 Special Cash Dividend per Share
- Special Cash Dividend: American Coastal Insurance Corporation's Board declared a special cash dividend of $0.75 per share, payable on January 9, 2026, to shareholders of record on January 2, 2026, reflecting the company's commitment to shareholder returns and financial stability.
- Strategic Meeting Announcement: The company will host an executive fireside chat on January 14, 2026, providing a comprehensive overview of its strategic initiatives, operational strategies, and financial outlook, enhancing investor understanding and confidence in the company's future.
- Shareholder Engagement Opportunity: The fireside chat will allow shareholders to submit questions in advance, aiming to foster transparency and engagement through interactive discussions, thereby strengthening relationships with investors.
- Financial Stability Ratings: American Coastal Insurance Company has earned an A Financial Stability Rating® from Demotech and maintains an A- insurance financial strength rating with a Positive outlook from Kroll, demonstrating its robust position and positive outlook in the insurance market.
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American Coastal (ACIC) Receives Upgrade to Buy: Key Information You Need to Know
Zacks Rank Upgrade: American Coastal Insurance (ACIC) has been upgraded to a Zacks Rank #2 (Buy) due to a significant increase in earnings estimates, indicating a positive outlook for the company's stock price.
Earnings Estimate Revisions: The Zacks rating system, which correlates earnings estimate revisions with stock price movements, suggests that ACIC's rising estimates could lead to increased buying pressure and higher stock value.
Market Positioning: ACIC's upgrade places it in the top 20% of Zacks-covered stocks, reflecting its strong earnings estimate revision feature and potential for market-beating returns.
Future Earnings Projection: Analysts predict that ACIC will earn $2.00 per share for the fiscal year ending December 2025, with a notable 48.1% increase in the Zacks Consensus Estimate over the past three months.
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