HCI Group (HCI) to Release Quarterly Earnings on Wednesday

HCI Group (NYSE:HCI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.74 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, March 7th. The insurance provider reported $3.22 EPS for the quarter, topping the consensus estimate of $1.41 by $1.81. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. The company had revenue of $162.67 million during the quarter, compared to analysts’ expectations of $146.09 million. During the same quarter in the previous 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 Stock Down 0.3 %

Shares of NYSE:HCI opened at $114.21 on Wednesday. HCI Group has a one year low of $48.08 and a one year high of $121.57. The company has a 50 day moving average of $110.00 and a 200-day moving average of $92.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 15.11 and a beta of 1.14.

HCI Group Dividend Announcement

The firm also recently declared 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 1.40%. The ex-dividend date is Thursday, May 16th. HCI Group’s dividend payout ratio is 21.16%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at HCI Group

In other HCI Group news, CFO James Mark Harmsworth sold 20,000 shares of HCI Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $117.12, for a total value of $2,342,400.00. Following the transaction, the chief financial officer now owns 15,420 shares of the company’s stock, valued at $1,805,990.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other HCI Group news, CFO James Mark Harmsworth sold 20,000 shares of HCI Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $117.12, for a total value of $2,342,400.00. Following the transaction, the chief financial officer now owns 15,420 shares of the company’s stock, valued at $1,805,990.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony Saravanos sold 12,967 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $117.01, for a total transaction of $1,517,268.67. Following the completion of the sale, the insider now directly owns 67,033 shares in the company, valued at approximately $7,843,531.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,102 shares of company stock valued at $13,198,303. 25.25% of the stock is currently owned by corporate 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.