HCI Group (NYSE:HCI) Announces Quarterly Earnings Results

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

HCI Group Trading Up 6.2 %

HCI traded up $7.70 during midday trading on Friday, reaching $131.66. 289,695 shares of the company were exchanged, compared to its average volume of 104,376. HCI Group has a one year low of $83.64 and a one year high of $132.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $1.39 billion, a P/E ratio of 11.00 and a beta of 1.12. The stock’s 50-day simple moving average is $119.38 and its 200 day simple moving average is $112.08.

HCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. HCI Group’s dividend payout ratio (DPR) is presently 13.37%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HCI. Truist Financial reissued a “buy” rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, December 17th. Oppenheimer lifted their price objective on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.