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Posted by
Two Blokes Jun 15 -
Filed in
Stock
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HCI stock had rallied by 36% YTD, while ACIC's stock declined by 20%. However, both companies remain undervalued relative to their sector. ACIC experiences top-line stagnation; given that 58% of its gross premiums are ceded, this has resulted in compressed underwriting margins, while HCI is seeing double-digit increases in net income. Both companies have a solid balance sheet that grew shareholder's equity by more than 20% compared to the first quarter of 2024.
