HCC Insurance Holdings, Inc. Plans Quarterly Dividend of $0.30 (HCC)
HCC Insurance Holdings (NYSE:HCC) announced a quarterly dividend on Wednesday, August 20th, ARN reports. Stockholders of record on Wednesday, October 1st will be paid a dividend of 0.295 per share on Wednesday, October 15th. This represents a $1.18 annualized dividend and a dividend yield of 2.41%.
A number of analysts have recently weighed in on HCC shares. Analysts at Compass Point raised their price target on shares of HCC Insurance Holdings from $45.00 to $49.00 in a research note on Friday, August 1st. They now have a “neutral” rating on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of HCC Insurance Holdings from $53.00 to $54.00 in a research note on Thursday, July 31st. Finally, analysts at JMP Securities reiterated a “market outperform” rating on shares of HCC Insurance Holdings in a research note on Monday, July 21st. They now have a $54.00 price target on the stock, up previously from $50.00.
Shares of HCC Insurance Holdings (NYSE:HCC) traded up 0.39% during mid-day trading on Wednesday, hitting $49.02. 174,208 shares of the company’s stock traded hands. HCC Insurance Holdings has a 52-week low of $41.19 and a 52-week high of $49.58. The stock’s 50-day moving average is $48.17 and its 200-day moving average is $46.21. The company has a market cap of $4.826 billion and a P/E ratio of 11.74.
HCC Insurance Holdings (NYSE:HCC) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.07. On average, analysts predict that HCC Insurance Holdings will post $3.82 earnings per share for the current fiscal year.
HCC Insurance Holdings, Inc (NYSE:HCC) is a specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland.
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