HCI Group, Inc. (NYSE:HCI) announced its quarterly earnings data on Thursday. The insurance provider reported ($4.44) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.52) by ($1.92), Briefing.com reports. HCI Group had a net margin of 13.52% and a return on equity of 15.65%. The firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $66.46 million. During the same period in the prior year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was down 30.5% on a year-over-year basis.

HCI Group (HCI) traded down $4.45 during midday trading on Friday, hitting $32.46. 410,819 shares of the company were exchanged, compared to its average volume of 86,292. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $324.16, a P/E ratio of 10.11 and a beta of 2.29. HCI Group has a 1 year low of $26.29 and a 1 year high of $50.93.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, November 16th. HCI Group’s dividend payout ratio (DPR) is 38.04%.

A number of brokerages have commented on HCI. Zacks Investment Research downgraded shares of HCI Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of HCI Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. TheStreet downgraded shares of HCI Group from a “b-” rating to a “c” rating in a research report on Thursday, September 28th. Finally, Sidoti raised shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.33.

In related news, CEO Paresh Patel bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were purchased at an average cost of $36.06 per share, with a total value of $36,060.00. Following the transaction, the chief executive officer now directly owns 227,000 shares of the company’s stock, valued at approximately $8,185,620. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased a total of 1,565 shares of company stock worth $56,894 over the last ninety days. Insiders own 20.37% of the company’s stock.

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HCI Group Company Profile

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.

Earnings History for HCI Group (NYSE:HCI)

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