HCI Group, Inc. Announces Quarterly Dividend of $0.40 (NYSE:HCI)

HCI Group, Inc. (NYSE:HCI) declared a quarterly dividend on Monday, October 28th, NASDAQ reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.40 per share by the insurance provider on Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, November 15th.

HCI Group has a payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HCI Group to earn $12.52 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 12.8%.

HCI Group Price Performance

Shares of NYSE:HCI traded down $0.95 during trading on Tuesday, reaching $116.15. The company had a trading volume of 59,069 shares, compared to its average volume of 146,083. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. HCI Group has a 12 month low of $56.82 and a 12 month high of $124.00. The company has a fifty day moving average of $104.70 and a two-hundred day moving average of $100.17. The stock has a market capitalization of $1.22 billion, a P/E ratio of 11.80 and a beta of 1.13.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.63. The business had revenue of $206.25 million for the quarter, compared to analyst estimates of $196.67 million. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. During the same quarter last year, the firm earned $1.22 EPS. Equities research analysts forecast that HCI Group will post 6.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on HCI shares. Compass Point reissued a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. JMP Securities restated a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Finally, StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.