HCI Group, Inc. (HCI) Issues Earnings Results

HCI Group, Inc. (NYSE:HCI) released its earnings results on Thursday. The insurance provider reported ($4.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.52) by ($1.92), Briefing.com reports. The business had revenue of $44.00 million during the quarter, compared to analyst estimates of $66.46 million. HCI Group had a net margin of 13.52% and a return on equity of 15.65%. The business’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS.

Shares of HCI Group (HCI) traded down $4.45 during mid-day trading on Friday, hitting $32.46. The company’s stock had a trading volume of 410,819 shares, compared to its average volume of 86,292. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.15 and a quick ratio of 1.15. HCI Group has a 52 week low of $26.29 and a 52 week high of $50.93. The company has a market cap of $324.16, a P/E ratio of 10.11 and a beta of 2.29.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.31%. HCI Group’s dividend payout ratio is currently 38.04%.

In other news, CEO Paresh Patel acquired 1,000 shares of HCI Group stock in a transaction on Wednesday, September 20th. The stock was bought at an average price of $36.06 per share, for a total transaction of $36,060.00. Following the transaction, the chief executive officer now owns 227,000 shares of the company’s stock, valued at $8,185,620. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 1,565 shares of company stock valued at $56,894 in the last quarter. Corporate insiders own 20.37% of the company’s stock.

A number of analysts have issued reports on the company. ValuEngine lowered HCI Group from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Zacks Investment Research lowered HCI Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Sidoti raised HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, September 11th. BidaskClub lowered HCI Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Finally, TheStreet lowered HCI Group from a “b-” rating to a “c” rating in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. HCI Group presently has an average rating of “Hold” and an average price target of $43.33.

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HCI Group Company Profile

HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.

Earnings History for HCI Group (NYSE:HCI)

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