HCI Group (HCI) Scheduled to Post Quarterly Earnings on Monday

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.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, February 15th. HCI Group’s dividend payout ratio is currently -74.07%.

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.

Earnings History for HCI Group (NYSE:HCI)

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