HCI Group (HCI) to Release Quarterly Earnings on Wednesday

HCI Group (NYSE:HCI) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.74 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $1.81. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. The firm had revenue of $162.67 million for the quarter, compared to analyst estimates of $146.09 million. During the same period in the previous year, the business earned $0.06 EPS. On average, analysts expect HCI Group to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

HCI Group Stock Performance

Shares of HCI opened at $110.79 on Tuesday. The firm has a 50-day moving average of $111.15 and a 200-day moving average of $93.71. HCI Group has a one year low of $48.84 and a one year high of $121.57. The company has a market cap of $1.14 billion, a PE ratio of 14.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62 and a quick ratio of 0.62.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, May 16th. HCI Group’s dividend payout ratio (DPR) is presently 21.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HCI. JMP Securities reissued a “market outperform” rating and issued a $120.00 price objective on shares of HCI Group in a research report on Monday, April 15th. William Blair raised shares of HCI Group from a “market perform” rating to an “outperform” rating in a report on Friday, March 8th. Oppenheimer reaffirmed an “outperform” rating and set a $140.00 target price on shares of HCI Group in a report on Friday, April 5th. Truist Financial lifted their target price on shares of HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Compass Point lifted their target price on shares of HCI Group from $90.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Insider Buying and Selling at HCI Group

In other HCI Group news, General Counsel Andrew L. Graham sold 29,008 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $117.01, for a total value of $3,394,226.08. Following the completion of the sale, the general counsel now owns 21,819 shares of the company’s stock, valued at approximately $2,553,041.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other HCI Group news, General Counsel Andrew L. Graham sold 29,008 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $117.01, for a total value of $3,394,226.08. Following the completion of the sale, the general counsel now owns 21,819 shares of the company’s stock, valued at approximately $2,553,041.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paresh Patel bought 500 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was purchased at an average price of $111.00 per share, with a total value of $55,500.00. Following the completion of the transaction, the chief executive officer now directly owns 349,500 shares in the company, valued at approximately $38,794,500. The disclosure for this purchase can be found here. Insiders sold 113,102 shares of company stock valued at $13,198,303 in the last quarter. Company insiders own 25.25% of the company’s stock.

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.