<div id="readability-page-1"><p>American Coastal Insurance Corporation (NASDAQ:ACIC - Get Free Report)'s stock price gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $11.87, but opened at $11.01. American Coastal Insurance shares last traded at $10.42, with a volume of 636,484 shares.</p><p>The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.05). The company had revenue of $71.22 million for the quarter, compared to analyst estimates of $75.78 million. American Coastal Insurance had a net margin of 31.85% and a return on equity of 34.62%. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities research analysts have commented on ACIC shares. Oppenheimer started coverage on American Coastal Insurance in a report on Monday, January 12th. They set a &#34;market perform&#34; rating on the stock. Wall Street Zen upgraded American Coastal Insurance from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Tuesday, April 7th. Finally, Weiss Ratings upgraded American Coastal Insurance from a &#34;hold (c+)&#34; rating to a &#34;buy (b-)&#34; rating in a report on Wednesday, April 29th. One equities research analyst  has rated the stock with a Buy rating and one  has assigned  a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of &#34;Moderate Buy&#34;.</p><p><b>Get Our Latest Research Report on American Coastal Insurance</b></p><h2>Institutional Inflows and Outflows</h2><p>Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Punch &amp; Associates Investment Management Inc. raised its position in  American Coastal Insurance by 7.3% in the fourth quarter. Punch &amp; Associates Investment Management Inc. now owns 776,400 shares of the company's stock valued at $9,806,000 after purchasing an additional 52,500 shares during the period.  Dimensional Fund Advisors LP raised its position in  American Coastal Insurance by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 627,330 shares of the company's stock valued at $7,923,000 after purchasing an additional 75,408 shares during the period.  Renaissance Technologies LLC raised its position in  American Coastal Insurance by 28.1% in the fourth quarter. Renaissance Technologies LLC now owns 454,957 shares of the company's stock valued at $5,746,000 after purchasing an additional 99,900 shares during the period.  Millennium Management LLC raised its position in  American Coastal Insurance by 5.0% in the third quarter. Millennium Management LLC now owns 277,718 shares of the company's stock valued at $3,163,000 after purchasing an additional 13,297 shares during the period.  Finally, Empowered Funds LLC raised its position in  American Coastal Insurance by 216.9% in the fourth quarter. Empowered Funds LLC now owns 269,899 shares of the company's stock valued at $3,206,000 after purchasing an additional 184,720 shares during the period. Institutional investors and hedge funds own  22.11% of the company's stock. </p><h2>American Coastal Insurance Price Performance</h2><p>The company has a market capitalization of $506.79 million, a PE ratio of 4.86, a price-to-earnings-growth ratio of 2.62 and a beta of -0.46. The firm has a 50-day simple moving average of $11.48 and a 200 day simple moving average of $11.65. </p><h2>American Coastal Insurance Company Profile</h2> (Get Free Report)<p>American Coastal Insurance Company <span>NASDAQ: ACIC<span></span></span> 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. </p><p>Through a diversified portfolio of personal lines products, American Coastal offers homeowners insurance, dwelling fire, mobile home, condominium unitowners and renters policies.</p><h2>Read More</h2><ul><li>Five stocks we like better than American Coastal Insurance</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in American Coastal Insurance Right Now?</h2><p>Before you consider American Coastal Insurance, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Coastal Insurance wasn't on the list.</p><p>While American Coastal Insurance currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ACIC

<p>American Coastal Insurance (NASDAQ:ACIC) shares gapped down to $11.01 after reporting weaker than expected earnings, with a $0.39 EPS versus the $0.44 consensus estimate. The company’s revenue of $71.22 million also fell short of the $75.78 million forecast. Despite the disappointing results, analysts have mixed ratings, with one upgrade to "buy" and a consensus rating of "Moderate Buy." Institutional investors hold 22.11% of the stock, which has a market cap of $506.79 million and a PE ratio of 4.86.</p>

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American Coastal Insurance (NASDAQ:ACIC) Shares Gap Down  Following Weak Earnings