HCI Group (HCI) to Release Quarterly Earnings on Wednesday

HCI Group (NYSE:HCI) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect HCI Group to post earnings of $2.74 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $1.41 by $1.81. HCI Group had a return on equity of 36.40% and a net margin of 14.35%. The business had revenue of $162.67 million for the quarter, compared to analyst estimates of $146.09 million. During the same quarter last year, the company earned $0.06 EPS. On average, analysts expect HCI Group to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

HCI Group Price Performance

Shares of NYSE HCI opened at $110.79 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.62. HCI Group has a fifty-two week low of $48.84 and a fifty-two week high of $121.57. The firm has a market capitalization of $1.14 billion, a PE ratio of 14.65 and a beta of 1.15. The stock’s 50-day simple moving average is $111.15 and its 200-day simple moving average is $93.71.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, May 16th. HCI Group’s dividend payout ratio (DPR) is presently 21.16%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HCI shares. Compass Point raised their price target on HCI Group from $90.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. William Blair upgraded HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. Truist Financial raised their price target on HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Oppenheimer restated an “outperform” rating and set a $140.00 price target on shares of HCI Group in a research note on Friday, April 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $120.00 target price on shares of HCI Group in a research note on Monday, April 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Insider Buying and Selling at HCI Group

In other HCI Group news, CEO Paresh Patel purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were purchased at an average cost of $111.00 per share, for a total transaction of $55,500.00. Following the completion of the purchase, the chief executive officer now directly owns 349,500 shares in the company, valued at $38,794,500. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other HCI Group news, CEO Paresh Patel purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were purchased at an average cost of $111.00 per share, for a total transaction of $55,500.00. Following the completion of the purchase, the chief executive officer now directly owns 349,500 shares in the company, valued at $38,794,500. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Andrew L. Graham sold 800 shares of HCI Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $116.42, for a total value of $93,136.00. Following the completion of the sale, the general counsel now owns 57,630 shares in the company, valued at $6,709,284.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,102 shares of company stock worth $13,198,303. 25.25% of the stock is currently owned by insiders.

About HCI Group

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