HCI Group (NYSE:HCI) Getting Somewhat Positive Media Coverage, Analysis Finds

News articles about HCI Group (NYSE:HCI) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HCI Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 45.2747375257873 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of HCI Group (NYSE HCI) opened at $34.52 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $337.67, a P/E ratio of -18.26 and a beta of 2.18. HCI Group has a 52-week low of $27.11 and a 52-week high of $50.93.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) EPS for the quarter, missing the consensus estimate of ($2.52) by ($1.92). The firm had revenue of $44.00 million for the quarter, compared to the consensus estimate of $66.46 million. HCI Group had a negative return on equity of 6.34% and a negative net margin of 5.63%. The company’s revenue was down 30.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. research analysts expect that HCI Group will post -0.4 earnings per share for the current fiscal year.

HCI Group declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

A number of analysts have recently weighed in on HCI shares. TheStreet downgraded shares of HCI Group from a “b-” rating to a “c” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of HCI Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine cut shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $43.33.

In related news, Director James J. Macchiarola purchased 6,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were acquired at an average price of $30.44 per share, for a total transaction of $182,640.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory Politis acquired 2,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was acquired at an average price of $29.97 per share, for a total transaction of $59,940.00. Following the purchase, the director now directly owns 194,000 shares of the company’s stock, valued at $5,814,180. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,000 shares of company stock worth $391,360 in the last 90 days. 20.37% of the stock is currently owned by company insiders.

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About HCI Group

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.

Insider Buying and Selling by Quarter for HCI Group (NYSE:HCI)

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