HCI Group, Inc. (NYSE:HCI) Shares to Pay Quarterly Dividend of $0.40

HCI Group, Inc. (NYSE:HCI) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 20th will be paid a dividend of $0.40 per share by the insurance provider on Friday, December 18th. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 20th.

HCI Group has a dividend payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HCI Group to earn $19.63 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 8.2%.

HCI Group Stock Up 1.1%

NYSE HCI traded up $2.33 on Thursday, reaching $206.75. The company had a trading volume of 17,755 shares, compared to its average volume of 168,283. The stock has a market capitalization of $2.57 billion, a P/E ratio of 8.91 and a beta of 1.05. The company’s fifty day moving average is $186.82 and its 200 day moving average is $172.97. HCI Group has a 52-week low of $144.75 and a 52-week high of $210.50. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.56. The business had revenue of $246.65 million for the quarter, compared to analysts’ expectations of $247.43 million. HCI Group had a return on equity of 28.80% and a net margin of 32.60%. Sell-side analysts anticipate that HCI Group will post 21.04 earnings per share for the current fiscal year.

HCI Group Company Profile

HCI Group, Inc is a Florida-based holding company focused primarily on property and casualty insurance. Through its insurance subsidiaries, the company provides residential property insurance products, including homeowners, condominium, renters and dwelling coverage, designed to protect policyholders against risks such as wind, fire, theft and other covered losses.

HCI’s insurance operations have historically been concentrated in Florida, one of the largest and most challenging residential property-insurance markets in the United States.