HCI Group, Inc. (HCI) To Go Ex-Dividend on November 20th

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 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, November 20th.

HCI Group has a dividend payout ratio of 10.6% meaning 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 1.2%

Shares of NYSE HCI opened at $206.90 on Friday. HCI Group has a 12-month low of $144.75 and a 12-month high of $210.50. The company has a market cap of $2.57 billion, a P/E ratio of 8.92 and a beta of 1.05. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $187.24 and a 200 day moving average price of $173.35.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $5.60 EPS for the quarter, beating the consensus estimate of $5.04 by $0.56. HCI Group had a return on equity of 28.80% and a net margin of 32.60%. The company had revenue of $246.65 million for the quarter, compared to analyst estimates of $247.43 million. Research analysts anticipate that HCI Group will post 21.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on HCI. Citizens Jmp boosted their price target on HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a research report on Friday, August 7th. Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a report on Friday, August 7th. Cantor Fitzgerald began coverage on shares of HCI Group in a research report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 price objective for the company. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Weiss Ratings lowered HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $241.67.

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.