American Coastal Insurance Corporation (NASDAQ:ACIC – Get Free Report) saw some unusual options trading on Monday. Investors acquired 5,524 call options on the company. This represents an increase of approximately 13,052% compared to the typical daily volume of 42 call options.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on ACIC shares. Zacks Research raised shares of American Coastal Insurance from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of American Coastal Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Raymond James Financial restated an “outperform” rating and set a $13.00 price target on shares of American Coastal Insurance in a research report on Tuesday, August 11th. Finally, Weiss Ratings cut shares of American Coastal Insurance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.
Check Out Our Latest Report on American Coastal Insurance
Institutional Inflows and Outflows
American Coastal Insurance Trading Down 3.0%
NASDAQ:ACIC traded down $0.29 on Monday, hitting $9.56. The stock had a trading volume of 111,642 shares, compared to its average volume of 257,925. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.01. The stock has a market cap of $452.14 million, a price-to-earnings ratio of 4.76 and a beta of -0.47. The company has a fifty day moving average price of $10.64 and a two-hundred day moving average price of $10.99. American Coastal Insurance has a 1-year low of $9.45 and a 1-year high of $13.06.
American Coastal Insurance (NASDAQ:ACIC – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). American Coastal Insurance had a net margin of 30.31% and a return on equity of 27.95%. The business had revenue of $82.60 million during the quarter. Equities research analysts expect that American Coastal Insurance will post 0.98 earnings per share for the current fiscal year.
American Coastal Insurance Company Profile
American Coastal Insurance Company (NASDAQ:ACIC) is a specialized property and casualty insurer focused on coastal residential and commercial lines across the Southeastern United States. Headquartered in St. Petersburg, Florida, the company underwrites policies designed to address windstorm and non-windstorm perils in areas exposed to hurricane risk. Since its founding in 2007, American Coastal has positioned itself to meet the insurance needs of homeowners, condominium associations, and small business owners operating near coastal zones.
Through a diversified portfolio of personal lines products, American Coastal offers homeowners insurance, dwelling fire, mobile home, condominium unitowners and renters policies.
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