HCI Group (NYSE:HCI) Issues Quarterly Earnings Results

HCI Group (NYSE:HCI - Get Free Report) posted its earnings results on Thursday. The insurance provider reported $0.31 EPS for the quarter, topping analysts' consensus estimates of ($2.75) by $3.06, Zacks reports. The business had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%.

HCI Group Stock Performance

HCI traded up $7.82 during trading on Monday, hitting $139.48. The company's stock had a trading volume of 178,649 shares, compared to its average volume of 106,231. HCI Group has a one year low of $83.64 and a one year high of $140.72. The business's 50 day simple moving average is $119.38 and its 200-day simple moving average is $112.33. 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 market cap of $1.47 billion, a PE ratio of 11.65 and a beta of 1.12.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.60 annualized dividend and a yield of 1.15%. HCI Group's dividend payout ratio (DPR) is 13.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HCI shares. Oppenheimer lifted their price objective on HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Truist Financial reissued a "buy" rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $140.00.

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HCI Group Company Profile

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.