HCI Group Inc. (HCI) to Issue Quarterly Dividend of $0.30
HCI Group Inc. (NYSE:HCI) announced a quarterly dividend on Tuesday, October 18th. Investors of record on Friday, November 18th will be given a dividend of 0.30 per share on Friday, December 16th. This represents a $1.20 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Wednesday, November 16th.
HCI Group (NYSE:HCI) traded down 0.38% during mid-day trading on Tuesday, hitting $29.03. 57,129 shares of the company traded hands. HCI Group has a one year low of $24.35 and a one year high of $45.50. The firm has a 50 day moving average of $30.45 and a 200 day moving average of $30.51. The firm has a market capitalization of $301.56 million, a P/E ratio of 9.32 and a beta of 2.16.
HCI Group (NYSE:HCI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $1.05 by $0.34. The company earned $61.52 million during the quarter, compared to the consensus estimate of $64.86 million. HCI Group had a return on equity of 13.37% and a net margin of 12.77%. The business’s revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.93 EPS. Equities research analysts expect that HCI Group will post $2.79 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in HCI Group by 39.5% in the second quarter. AQR Capital Management LLC now owns 15,310 shares of the company’s stock valued at $418,000 after buying an additional 4,333 shares during the period. Guggenheim Capital LLC bought a new position in HCI Group during the second quarter worth approximately $1,325,000. Parametric Portfolio Associates LLC boosted its position in HCI Group by 145.5% in the second quarter. Parametric Portfolio Associates LLC now owns 17,098 shares of the company’s stock worth $466,000 after buying an additional 10,133 shares in the last quarter. Citigroup Inc. boosted its position in HCI Group by 6.8% in the second quarter. Citigroup Inc. now owns 9,453 shares of the company’s stock worth $258,000 after buying an additional 602 shares in the last quarter. Finally, Ativo Capital Management LLC boosted its position in HCI Group by 83.4% in the second quarter. Ativo Capital Management LLC now owns 29,027 shares of the company’s stock worth $792,000 after buying an additional 13,200 shares in the last quarter. 66.57% of the stock is currently owned by institutional investors.
Separately, JMP Securities lowered their price objective on shares of HCI Group from $40.00 to $38.00 and set a “market outperform” rating on the stock in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $45.50.
HCI Group Company Profile
HCI Group, Inc (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations.
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