HCI Group, Inc. (NYSE:HCI) Declares $0.40 Quarterly Dividend

HCI Group, Inc. (NYSE:HCI) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Friday, February 21st will be paid a dividend of 0.40 per share by the insurance provider on Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%.

HCI Group has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HCI Group to earn $13.50 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 11.9%.

HCI Group Stock Performance

HCI traded up $0.21 during trading on Wednesday, hitting $122.55. The company’s stock had a trading volume of 2,908 shares, compared to its average volume of 109,622. The business’s 50 day simple moving average is $117.38 and its 200-day simple moving average is $108.55. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.29 billion, a PE ratio of 10.25 and a beta of 1.12. HCI Group has a one year low of $83.64 and a one year high of $126.50.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The business had revenue of $175.32 million during the quarter, compared to analysts’ expectations of $192.08 million. During the same period last year, the company posted $1.41 EPS. As a group, sell-side analysts predict that HCI Group will post 6.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HCI has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Truist Financial restated a “buy” rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, December 17th. Oppenheimer upped their price objective on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Compass Point reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $140.00.

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.