American Coastal Insurance is a holding company. Through its subsidiaries, Co. is engaged in the personal residential and commercial residential property and casualty insurance business. Co.'s Products include: Personal Residential Products, in which policies Co. issues under its homeowners' program provide structure, content and liability coverage for single-family homeowners, renters and condominium unit owners; Commercial Residential Products, which primarily provides commercial multi-peril property insurance for residential condominium associations and apartments in Florida; and Not-At-Risk Offerings, which provides flood policies in various states in which it writes business. We show 10 historical shares outstanding datapoints in our ACIC shares outstanding history coverage, used to compute ACIC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ACIC market cap history over the course of time is important for investors
interested in comparing ACIC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ACIC versus a peer is one thing; comparing
ACIC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ACIC can fluctuate over the course of history.
With this page we aim to empower investors researching ACIC by allowing them to research the ACIC market cap history. |
Free ACIC Email Alerts:
Video: The Importance of Market Cap
