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

HCI Group, Inc. (NYSE:HCI) announced a quarterly dividend on Friday, April 24th. Shareholders of record on Friday, May 15th will be given a dividend of 0.40 per share by the insurance provider on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 15th.

HCI Group has a dividend payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HCI Group to earn $17.88 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 8.9%.

HCI Group Stock Up 0.4%

Shares of NYSE HCI traded up $0.60 during midday trading on Wednesday, hitting $153.81. 20,459 shares of the stock traded hands, compared to its average volume of 167,447. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50 day moving average price of $157.17 and a two-hundred day moving average price of $170.11. HCI Group has a one year low of $136.37 and a one year high of $210.50. The company has a market cap of $1.96 billion, a PE ratio of 6.76 and a beta of 1.09.

HCI Group (NYSE:HCI) last posted its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. The company had revenue of $242.88 million for the quarter, compared to analyst estimates of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. On average, equities analysts predict that HCI Group will post 17.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HCI. Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $231.67.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.