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

HCI Group, Inc. (NYSE:HCI - Get Free Report) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.40 per share by the insurance provider on Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, February 21st.

HCI Group has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HCI Group to earn $13.50 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 11.9%.

HCI Group Trading Up 0.1 %

Shares of HCI traded up $0.15 during trading hours on Friday, reaching $122.71. The stock had a trading volume of 69,249 shares, compared to its average volume of 92,144. The company has a market cap of $1.29 billion, a P/E ratio of 10.25 and a beta of 1.12. HCI Group has a 52 week low of $83.64 and a 52 week high of $126.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average of $117.65 and a 200 day moving average of $108.98.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.08. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The company had revenue of $175.32 million during the quarter, compared to the consensus estimate of $192.08 million. During the same period in the prior year, the company earned $1.41 earnings per share. On average, sell-side analysts expect that HCI Group will post 6.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HCI has been the topic of a number of research analyst reports. Truist Financial restated a "buy" rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, December 17th. JMP Securities reissued a "market outperform" rating and issued a $145.00 price target on shares of HCI Group in a research note on Tuesday, October 15th. Oppenheimer upped their price objective on HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Compass Point reiterated a "neutral" rating and set a $120.00 price objective (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.