HCI Group Inc. (HCI) to Issue $0.30 Quarterly Dividend
HCI Group Inc. (NYSE:HCI) declared a quarterly dividend on Tuesday, October 18th. Stockholders of record on Friday, November 18th will be paid a dividend of 0.30 per share on Friday, December 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Wednesday, November 16th.
HCI Group (NYSE:HCI) opened at 29.03 on Wednesday. The firm has a market capitalization of $301.56 million, a price-to-earnings ratio of 9.32 and a beta of 2.16. HCI Group has a one year low of $24.35 and a one year high of $45.50. The stock’s 50 day moving average price is $30.38 and its 200-day moving average price is $30.48.
HCI Group (NYSE:HCI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.34. The firm had revenue of $61.52 million for the quarter, compared to the consensus estimate of $64.86 million. HCI Group had a return on equity of 13.37% and a net margin of 12.77%. The firm’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.93 earnings per share. On average, equities research analysts expect that HCI Group will post $2.79 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC raised its stake in HCI Group by 1.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 7,494 shares of the company’s stock worth $204,000 after buying an additional 76 shares during the period. Alliancebernstein L.P. bought a new stake in HCI Group during the second quarter worth approximately $213,000. BlackRock Group LTD raised its stake in HCI Group by 8.2% in the second quarter. BlackRock Group LTD now owns 8,413 shares of the company’s stock worth $229,000 after buying an additional 640 shares during the period. Citigroup Inc. raised its stake in HCI Group by 6.8% in the second quarter. Citigroup Inc. now owns 9,453 shares of the company’s stock worth $258,000 after buying an additional 602 shares during the period. Finally, Stevens Capital Management LP raised its stake in HCI Group by 9.2% in the second quarter. Stevens Capital Management LP now owns 11,998 shares of the company’s stock worth $327,000 after buying an additional 1,006 shares during the period. Hedge funds and other institutional investors own 66.57% of the company’s stock.
Separately, JMP Securities decreased their price objective on HCI Group from $40.00 to $38.00 and set a “market outperform” rating for the company in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. HCI Group currently has a consensus rating of “Buy” and a consensus target price of $45.50.
HCI Group Company Profile
HCI Group, Inc (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations.
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