HCI Group Inc (NYSE:HCI) declared a quarterly dividend on Monday, July 8th, Zacks reports. Shareholders of record on Friday, August 16th will be given a dividend of 0.40 per share by the insurance provider on Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, August 15th.

HCI Group has increased its dividend by an average of 7.1% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. HCI Group has a dividend payout ratio of 40.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HCI Group to earn $4.10 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 39.0%.

HCI opened at $42.07 on Wednesday. The business has a fifty day moving average price of $40.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $335.55 million, a P/E ratio of 13.02 and a beta of 0.76. HCI Group has a 12-month low of $36.72 and a 12-month high of $59.32.

HCI Group (NYSE:HCI) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.03. The business had revenue of $58.63 million for the quarter, compared to analysts’ expectations of $55.26 million. HCI Group had a return on equity of 7.95% and a net margin of 6.63%. On average, sell-side analysts predict that HCI Group will post 3 EPS for the current fiscal year.

In other news, Director Loreen M. Spencer bought 950 shares of the stock in a transaction on Thursday, June 6th. The stock was acquired at an average cost of $41.13 per share, for a total transaction of $39,073.50. Following the acquisition, the director now owns 950 shares of the company’s stock, valued at $39,073.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James Mark Harmsworth sold 5,500 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $41.10, for a total value of $226,050.00. The disclosure for this sale can be found here. Insiders own 24.12% of the company’s stock.

Several research analysts have issued reports on the company. TheStreet raised HCI Group from a “c+” rating to a “b-” rating in a research report on Friday, May 3rd. ValuEngine cut HCI Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Finally, Zacks Investment Research cut HCI Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $48.33.

About HCI Group

HCI Group, Inc engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners insurance, flood insurance, and wind-only insurance to homeowners, condominium owners, and tenants, as well as offers reinsurance programs.

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Dividend History for HCI Group (NYSE:HCI)

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