upc insurance is a flourishing and vibrant company that focuses on writing personal property insurance in catastrophe-exposed areas since 1999. upc is one of the fastest growing homeowners companies in the country. headquartered in st. petersburg, florida, we currently operate in several states with plans to rapidly expand. upc insurance maintains an “a”(exceptional) financial stability rating from demotech. at upc we believe that extraordinary associates drive our business. our team of talented and committed employees creates value for our customers and shareholders. we are traded on the nasdaq exchange with the symbol “uihc.” our ultimate vision is to be the premier provider of property insurance in catastrophe-exposed areas.
Company profile
Ticker
ACIC
Exchange
Website
CEO
John Forney
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FMG ACQUISITION CORP, UNITED INSURANCE HOLDINGS CORP.
SEC CIK
Corporate docs
Subsidiaries
Skyway Claims Services, LLC • Interboro Insurance Company • AmCo Holding Company • American Coastal Insurance Company, Inc. • BlueLine Cayman Holdings, LLC • Skyway Reinsurance Services, LLC • Skyway Legal Services, LLC • Skyway Technologies, LLC ...
IRS number
753241967
ACIC stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
22 Apr 24
ARS
2023 FY
Annual report to shareholders
2 Apr 24
DEF 14A
Definitive proxy
2 Apr 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
American Coastal Insurance Corporation Reports Financial Results
29 Feb 24
8-K
Departure of Directors or Certain Officers
18 Jan 24
8-K
Other Events
9 Jan 24
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K
American Coastal Insurance Corporation Reports Financial Results
13 Nov 23
8-K
Entry into a Material Definitive Agreement
27 Sep 23
Transcripts
ACIC
Earnings call transcript
2023 Q4
29 Feb 24
ACIC
Earnings call transcript
2023 Q2
10 Aug 23
ACIC
Earnings call transcript
2023 Q2
10 Aug 23
ACIC
Earnings call transcript
2023 Q1
15 May 23
ACIC
Earnings call transcript
2022 Q4
2 Mar 23
ACIC
Earnings call transcript
2022 Q3
10 Nov 22
ACIC
Earnings call transcript
2022 Q2
9 Aug 22
ACIC
Earnings call transcript
2022 Q1
10 May 22
ACIC
Earnings call transcript
2021 Q4
24 Feb 22
ACIC
Earnings call transcript
2021 Q3
12 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 130.49 mm | 130.49 mm | 130.49 mm | 130.49 mm | 130.49 mm | 130.49 mm |
Cash burn (monthly) | (no burn) | 7.73 mm | (no burn) | 22.56 mm | (no burn) | 21.67 mm |
Cash used (since last report) | n/a | 52.79 mm | n/a | 154.09 mm | n/a | 148.02 mm |
Cash remaining | n/a | 77.69 mm | n/a | -23.60 mm | n/a | -17.53 mm |
Runway (months of cash) | n/a | 10.1 | n/a | -1.0 | n/a | -0.8 |
Institutional ownership, Q3 2023
18.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 69 |
Opened positions | 24 |
Closed positions | 4 |
Increased positions | 19 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 51.48 bn |
Total shares | 8.99 mm |
Total puts | 251.70 k |
Total calls | 587.10 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
IVZ Invesco | 1.38 mm | $10.17 bn |
Tieton Capital Management | 1.33 mm | $9.78 mm |
BLK Blackrock | 1.33 mm | $9.77 bn |
Vanguard | 837.67 k | $6.17 bn |
Empyrean Capital Partners | 750.00 k | $5.52 bn |
WHG Westwood | 599.13 k | $4.41 mm |
Geode Capital Management | 413.45 k | $3.04 bn |
STT State Street | 358.21 k | $2.64 bn |
NTRS Northern Trust | 174.06 k | $1.28 bn |
EAM Investors | 145.62 k | $1.07 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Davis Kern Michael | Common Stock | Buy | Acquire P | Yes | No | 10.11 | 786 | 7.95 k | 3,326 |
22 Mar 24 | Davis Kern Michael | Common Stock | Buy | Acquire P | Yes | No | 10.138 | 786 | 7.97 k | 3,326 |
24 Feb 24 | James Andy Gray | Common Stock | Payment of exercise | Dispose F | No | No | 13.6 | 5,912 | 80.40 k | 174,512 |
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