American Coastal - Florida property insurance company still below fair value
8 months ago
Miroslav Stepanek - Stock Investing
"ACIC: FL property insurer at 6.9x P/E, specializing in hurricane-resistant condos. Strong 2023 despite Ian (86.5% CR). New MGA div for growth. $0.5 div paid, buybacks planned. Robust vs hurricanes. PT $37.5 in 3y (15x P/E, $2.5 EPS). Risks: major hurricane, soft market. Upside: high FCF yield, efficient capital allocation."
Sentiment
bullish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
American Coastal - Florida property insurance company still below fair value
Source:
Miroslav Stepanek - Stock Investing
Published:
April 7, 2025
Idea Type:
Stock Idea