HCI Group (NYSE:HCI) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

HCI Group (NYSE:HCI) posted its earnings results on Tuesday. The insurance provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.07, Fidelity Earnings reports. HCI Group had a return on equity of 5.91% and a net margin of 5.32%. The business had revenue of $59.98 million during the quarter, compared to the consensus estimate of $57.39 million.

HCI traded up $0.47 on Friday, hitting $44.68. 4,686 shares of the company traded hands, compared to its average volume of 50,869. The company has a 50 day moving average of $41.95 and a 200-day moving average of $41.37. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $351.01 million, a PE ratio of 13.73 and a beta of 0.62. HCI Group has a 12-month low of $36.72 and a 12-month high of $59.32.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, November 14th. HCI Group’s payout ratio is currently 49.54%.

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Several analysts have recently weighed in on the company. ValuEngine raised HCI Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Zacks Investment Research downgraded HCI Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, TheStreet downgraded HCI Group from a “b” rating to a “c+” rating in a report on Tuesday.

HCI Group Company Profile

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

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Earnings History for HCI Group (NYSE:HCI)

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