HCI Group (NYSE:HCI) is set to announce its earnings results after the market closes on Monday, February 19th. Analysts expect the company to announce earnings of $0.81 per share for the quarter.
HCI Group (NYSE HCI) opened at $34.85 on Monday. HCI Group has a 1 year low of $27.11 and a 1 year high of $50.93. The stock has a market capitalization of $340.90, a PE ratio of -18.44 and a beta of 2.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.61 and a current ratio of 0.61.
HCI Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several research analysts recently issued reports on HCI shares. ValuEngine lowered HCI Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Zacks Investment Research raised HCI Group from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. HCI Group has an average rating of “Hold” and a consensus price target of $42.50.
In other HCI Group news, Director James J. Macchiarola bought 6,000 shares of HCI Group stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average cost of $30.44 per share, with a total value of $182,640.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregory Politis bought 4,000 shares of HCI Group stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $29.62 per share, for a total transaction of $118,480.00. Following the completion of the transaction, the director now directly owns 194,000 shares in the company, valued at $5,746,280. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,000 shares of company stock worth $391,360 over the last ninety days. 20.37% of the stock is currently owned by corporate insiders.
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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.
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