HCI Group, Inc. (HCI) Expected to Post Q3 2017 Earnings of ($2.66) Per Share
HCI Group, Inc. (NYSE:HCI) – Analysts at SunTrust Banks dropped their Q3 2017 EPS estimates for shares of HCI Group in a report issued on Tuesday. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings of ($2.66) per share for the quarter, down from their previous estimate of $0.60. SunTrust Banks has a “Buy” rating and a $52.00 price objective on the stock. SunTrust Banks also issued estimates for HCI Group’s FY2017 earnings at $0.17 EPS.
Several other research firms have also issued reports on HCI. Zacks Investment Research lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub lowered shares of HCI Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 13th. Finally, Sidoti raised shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.75.
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HCI Group (NYSE HCI) opened at 37.88 on Thursday. The company has a market capitalization of $378.27 million, a price-to-earnings ratio of 10.43 and a beta of 2.37. HCI Group has a 52-week low of $24.35 and a 52-week high of $50.93. The stock has a 50 day moving average of $39.07 and a 200-day moving average of $44.12.
HCI Group (NYSE:HCI) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. HCI Group had a net margin of 13.52% and a return on equity of 15.65%. The company had revenue of $67.58 million during the quarter, compared to analyst estimates of $64.33 million. During the same period last year, the business earned $0.71 earnings per share. HCI Group’s revenue was up 9.9% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were paid a $0.35 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $1.40 annualized dividend and a yield of 3.70%. HCI Group’s payout ratio is 38.36%.
In other HCI Group news, CEO Paresh Patel purchased 1,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was acquired at an average cost of $36.06 per share, for a total transaction of $36,060.00. Following the purchase, the chief executive officer now directly owns 227,000 shares of the company’s stock, valued at approximately $8,185,620. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 1,565 shares of company stock valued at $56,894 over the last 90 days. 20.37% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Capstone Asset Management Co. boosted its stake in HCI Group by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 4,926 shares of the insurance provider’s stock worth $231,000 after purchasing an additional 50 shares during the period. Thrivent Financial For Lutherans boosted its stake in HCI Group by 3.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock worth $233,000 after purchasing an additional 160 shares during the period. Nationwide Fund Advisors boosted its stake in HCI Group by 2.8% in the 1st quarter. Nationwide Fund Advisors now owns 6,609 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 181 shares during the period. Virginia Retirement Systems ET AL boosted its stake in HCI Group by 1.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 17,300 shares of the insurance provider’s stock worth $813,000 after purchasing an additional 200 shares during the period. Finally, Legal & General Group Plc boosted its stake in HCI Group by 1.6% in the 1st quarter. Legal & General Group Plc now owns 14,147 shares of the insurance provider’s stock worth $644,000 after purchasing an additional 221 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.
About HCI Group
HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.
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