HCI Group (NYSE:HCI - Get Free Report) released its quarterly earnings results on Thursday. The insurance provider reported $5.35 EPS for the quarter, beating the consensus estimate of $4.49 by $0.86, Zacks reports. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The firm had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million.
HCI Group Stock Up 8.0 %
Shares of NYSE HCI traded up $12.42 during midday trading on Friday, hitting $167.29. The company's stock had a trading volume of 213,097 shares, compared to its average volume of 139,959. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.98 and a beta of 1.23. The business's fifty day simple moving average is $143.19 and its two-hundred day simple moving average is $126.52. HCI Group has a 1 year low of $83.65 and a 1 year high of $176.40.
HCI Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. HCI Group's dividend payout ratio (DPR) is presently 18.18%.
Analysts Set New Price Targets
Separately, JMP Securities boosted their price objective on shares of HCI Group from $165.00 to $210.00 and gave the company a "market outperform" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.25.
Check Out Our Latest Research Report on HCI Group
HCI Group Company Profile
(
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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.
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