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American Coastal Insurance Corp is a holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly-owned insurance subsidiary. The company has two segments namely: Commercial Lines Business and Personal Lines Business. It derives maximum revenue from Commercial Lines Business Segment.
American Coastal Insurance trades on the NASDAQ stock market under the symbol ACIC.
As of April 19, 2024, ACIC stock price climbed to $10.63 with 195,120 million shares trading.
ACIC has a beta of 0.49, meaning it tends to be less sensitive to market movements. ACIC has a correlation of 0.02 to the broad based SPY ETF.
ACIC has a market cap of $507.87 million. This is considered a Small Cap stock.
Last quarter American Coastal Insurance reported $56 million in Revenue and $.39 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.18.
The top ETF exchange traded funds that ACIC belongs to (by Net Assets): IWM, VTI, VXF, IWN, AVUV.
ACIC support price is $10.01 and resistance is $10.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACIC stock will trade within this expected range on the day.