News stories about HCI Group (NYSE:HCI) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HCI Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 44.8521786233829 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of HCI Group (NYSE HCI) opened at $34.52 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.22. HCI Group has a 52 week low of $27.11 and a 52 week high of $50.93. The stock has a market cap of $337.67, a price-to-earnings ratio of -20.92 and a beta of 2.18.
HCI Group (NYSE:HCI) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($4.44) EPS for the quarter, missing the consensus estimate of ($2.52) by ($1.92). The firm had revenue of $44.00 million during the quarter, compared to the consensus estimate of $66.46 million. HCI Group had a negative return on equity of 6.34% and a negative net margin of 5.63%. The business’s revenue was down 30.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 EPS. research analysts forecast that HCI Group will post -0.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a $0.35 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.40 annualized dividend and a yield of 4.06%. HCI Group’s dividend payout ratio (DPR) is presently -84.85%.
HCI Group declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of HCI Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine lowered shares of HCI Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, TheStreet lowered shares of HCI Group from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.33.
In other news, Director Gregory Politis bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of $29.62 per share, for a total transaction of $118,480.00. Following the acquisition, the director now directly owns 194,000 shares of the company’s stock, valued at approximately $5,746,280. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Paresh Patel bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average price of $30.30 per share, for a total transaction of $30,300.00. Following the acquisition, the chief executive officer now directly owns 74,000 shares in the company, valued at $2,242,200. The disclosure for this purchase can be found here. Insiders purchased a total of 13,000 shares of company stock worth $391,360 in the last quarter. Insiders own 20.37% of the company’s stock.
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About HCI Group
HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.
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