HCI Group, Inc. (HCI) To Go Ex-Dividend on May 15th

HCI Group, Inc. (NYSE:HCI) declared a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.40 per share by the insurance provider on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th.

HCI Group has a payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HCI Group to earn $17.88 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 8.9%.

HCI Group Trading Down 0.2%

HCI Group stock traded down $0.35 during midday trading on Wednesday, hitting $152.86. 25,200 shares of the stock were exchanged, compared to its average volume of 167,544. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $157.17 and its 200 day simple moving average is $170.11. HCI Group has a fifty-two week low of $136.37 and a fifty-two week high of $210.50. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 6.72 and a beta of 1.09.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, beating the consensus estimate of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The firm had revenue of $242.88 million for the quarter, compared to analyst estimates of $245.09 million. On average, equities analysts anticipate that HCI Group will post 17.82 EPS for the current year.

Analysts Set New Price Targets

HCI has been the subject of several research reports. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Weiss Ratings raised shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $231.67.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.