HCI Group, Inc. (NYSE:HCI) to Issue Quarterly Dividend of $0.40

HCI Group, Inc. (NYSE:HCI) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 20th will be given a dividend of $0.40 per share by the insurance provider on Friday, December 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 20th.

HCI Group has a payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HCI Group to earn $19.63 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 8.2%.

HCI Group Stock Performance

Shares of HCI stock traded up $2.33 during trading hours on Thursday, hitting $206.75. 17,755 shares of the company were exchanged, compared to its average volume of 168,283. The firm has a fifty day simple moving average of $186.82 and a 200 day simple moving average of $172.97. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.03. HCI Group has a 52-week low of $144.75 and a 52-week high of $210.50. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 8.91 and a beta of 1.05.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.56. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. The company had revenue of $246.65 million for the quarter, compared to analysts’ expectations of $247.43 million. Research analysts predict that HCI Group will post 21.04 earnings per share for the current fiscal year.

HCI Group Company Profile

HCI Group, Inc is a Florida-based holding company focused primarily on property and casualty insurance. Through its insurance subsidiaries, the company provides residential property insurance products, including homeowners, condominium, renters and dwelling coverage, designed to protect policyholders against risks such as wind, fire, theft and other covered losses.

HCI’s insurance operations have historically been concentrated in Florida, one of the largest and most challenging residential property-insurance markets in the United States.