HCI Group (NYSE:HCI) Posts Quarterly Earnings Results

HCI Group (NYSE:HCI) released its earnings results on Thursday. The insurance provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of ($2.75) by $3.06, Zacks reports. The firm had revenue of $161.88 million during the quarter, compared to the consensus estimate of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%.

HCI Group Trading Up 3.0 %

NYSE HCI traded up $3.74 on Friday, hitting $127.70. 23,853 shares of the stock were exchanged, compared to its average volume of 97,493. HCI Group has a 52-week low of $83.64 and a 52-week high of $129.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 10.67 and a beta of 1.12. The company’s 50-day moving average price is $119.02 and its two-hundred day moving average price is $111.80.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, February 21st. HCI Group’s payout ratio is 13.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HCI shares. Truist Financial restated a “buy” rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Oppenheimer lifted their price target on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.