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

HCI Group, Inc. (NYSE:HCIGet Free Report) declared a quarterly dividend on Monday, July 8th, Zacks reports. Investors of record on Friday, August 16th will be given a dividend of 0.40 per share by the insurance provider on Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, August 16th.

HCI Group has a payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HCI Group to earn $12.18 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 13.1%.

HCI Group Stock Performance

HCI opened at $84.80 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The company has a market cap of $888.70 million, a price-to-earnings ratio of 8.63 and a beta of 1.13. The company’s 50 day moving average is $98.23 and its 200 day moving average is $99.90. HCI Group has a 12-month low of $48.84 and a 12-month high of $121.57.

HCI Group (NYSE:HCIGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $3.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.91. The company had revenue of $206.61 million for the quarter, compared to the consensus estimate of $189.17 million. HCI Group had a net margin of 17.72% and a return on equity of 40.30%. On average, equities research analysts predict that HCI Group will post 11.68 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HCI shares. Oppenheimer reissued an “outperform” rating and issued a $140.00 price objective on shares of HCI Group in a report on Friday, April 5th. Compass Point raised their target price on shares of HCI Group from $90.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. JMP Securities raised their target price on shares of HCI Group from $120.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 9th. Finally, StockNews.com upgraded shares of HCI Group from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $127.75.

View Our Latest Report on HCI

Insider Activity

In related news, CEO Paresh Patel acquired 500 shares of HCI Group stock in a transaction dated Thursday, April 11th. The shares were purchased at an average price of $111.00 per share, for a total transaction of $55,500.00. Following the completion of the transaction, the chief executive officer now directly owns 349,500 shares in the company, valued at approximately $38,794,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 25.25% of the company’s stock.

About HCI Group

(Get Free Report)

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.

Featured Stories

Dividend History for HCI Group (NYSE:HCI)

Receive News & Ratings for HCI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group and related companies with MarketBeat.com's FREE daily email newsletter.