News headlines about Homeowners Choice (NYSE:HCI) have been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Homeowners Choice earned a coverage optimism score of 0.29 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 47.0510359423936 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
HCI stock traded down $0.29 during mid-day trading on Wednesday, reaching $38.89. The company had a trading volume of 93,856 shares, compared to its average volume of 146,534. Homeowners Choice has a one year low of $27.11 and a one year high of $49.25. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.79 and a quick ratio of 0.79.
Homeowners Choice (NYSE:HCI) last issued its earnings results on Tuesday, March 6th. The insurance provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.82 by $0.32. Homeowners Choice had a negative return on equity of 3.21% and a negative net margin of 2.82%. The business had revenue of $61.62 million for the quarter, compared to the consensus estimate of $62.98 million. During the same period last year, the business posted $0.47 EPS. The company’s revenue was down 14.9% compared to the same quarter last year. equities research analysts forecast that Homeowners Choice will post 3.73 earnings per share for the current fiscal year.
Homeowners Choice declared that its board has initiated a share buyback program on Wednesday, December 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
Several equities research analysts recently weighed in on the company. TheStreet upgraded Homeowners Choice from a “c” rating to a “b-” rating in a report on Tuesday, March 6th. Zacks Investment Research lowered Homeowners Choice from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, ValuEngine raised Homeowners Choice from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Homeowners Choice has a consensus rating of “Hold” and an average target price of $42.50.
About Homeowners Choice
HCI Group, Inc primarily engages in the property and casualty insurance business in Florida. It provides property and casualty insurance to homeowners, condominium owners, and tenants; and reinsurance. The company also owns and operates one full-service restaurant, two marinas, two retail shopping centers, and one office building.
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