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.
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.
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