Strs Ohio Makes New $485,000 Investment in American Coastal Insurance Corporation $ACIC

Strs Ohio acquired a new position in shares of American Coastal Insurance Corporation (NASDAQ:ACIC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 41,900 shares of the company’s stock, valued at approximately $485,000. Strs Ohio owned about 0.09% of American Coastal Insurance at the end of the most recent quarter.

American Coastal Insurance Price Performance

Shares of ACIC opened at $11.20 on Monday. The company has a 50 day simple moving average of $10.81. American Coastal Insurance Corporation has a 52-week low of $8.82 and a 52-week high of $15.08. The firm has a market cap of $546.17 million, a price-to-earnings ratio of 6.87 and a beta of -0.26.

American Coastal Insurance (NASDAQ:ACIC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.16. American Coastal Insurance had a return on equity of 30.65% and a net margin of 25.26%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded American Coastal Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th.

American Coastal Insurance Company Profile

American Coastal Insurance Corporation operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners.