HCI Group (HCI) Scheduled to Post Earnings on Wednesday

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

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

Shares of NYSE HCI opened at $110.87 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $110.91 and its 200-day moving average price is $93.33. HCI Group has a 52-week low of $48.08 and a 52-week high of $121.57. The company has a market cap of $1.14 billion, a PE ratio of 14.67 and a beta of 1.15.

HCI Group Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Paresh Patel bought 500 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were bought at an average price of $111.00 per share, for a total transaction of $55,500.00. Following the purchase, the chief executive officer now owns 349,500 shares in the company, valued at $38,794,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO James Mark Harmsworth sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was 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 directly owns 15,420 shares of the company’s stock, valued at approximately $1,805,990.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Paresh Patel acquired 500 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were bought at an average cost of $111.00 per share, with a total value of $55,500.00. Following the completion of the acquisition, the chief executive officer now owns 349,500 shares in the company, valued at $38,794,500. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 113,102 shares of company stock valued at $13,198,303. 25.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HCI has been the topic of a number of research reports. JMP Securities restated a “market outperform” rating and issued a $120.00 price target on shares of HCI Group in a research note on Monday, April 15th. William Blair upgraded HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. Compass Point upped their price target on shares of HCI Group from $90.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Oppenheimer reissued an “outperform” rating and issued a $140.00 price objective on shares of HCI Group in a report on Friday, April 5th. Finally, Truist Financial boosted their target price on shares of HCI Group from $96.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 12th. One equities research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

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.