HCI Group (HCI) Earning Somewhat Favorable Media Coverage, Study Shows
News headlines about HCI Group (NYSE:HCI) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HCI Group earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the insurance provider an impact score of 45.5745183223028 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- HCI Group Subsidiary Homeowners Choice Approved to Write Flood Insurance in North Carolina (finance.yahoo.com)
- State Auto Financial (STFC) Projects Q3 Cat Loss Estimates (finance.yahoo.com)
- ProAssurance to Incur $7.5M Catastrophe Loss From Hurricanes (zacks.com)
- HCI Group, Inc. (HCI) Stock Rating Lowered by TheStreet (americanbankingnews.com)
- Analyzing First Financial Corporation Indiana (THFF) and HCI Group (HCI) (americanbankingnews.com)
Shares of HCI Group (HCI) traded down 0.24% on Friday, reaching $36.89. 82,398 shares of the company’s stock traded hands. The stock has a market capitalization of $368.38 million, a price-to-earnings ratio of 10.16 and a beta of 2.31. HCI Group has a 52 week low of $25.50 and a 52 week high of $50.93. The stock’s 50-day moving average price is $37.40 and its 200-day moving average price is $43.31.
HCI Group (NYSE:HCI) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. HCI Group had a return on equity of 15.65% and a net margin of 13.52%. The business had revenue of $67.58 million during the quarter, compared to analysts’ expectations of $64.33 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts predict that HCI Group will post $0.92 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Wednesday, August 16th. HCI Group’s dividend payout ratio is presently 38.36%.
A number of brokerages recently issued reports on HCI. TheStreet lowered shares of HCI Group from a “b-” rating to a “c” rating in a report on Thursday, September 28th. ValuEngine lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Sidoti raised shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Monday, September 11th. BidaskClub lowered shares of HCI Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research lowered shares of HCI Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.33.
In related news, CEO Paresh Patel purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was purchased at an average price of $36.06 per share, for a total transaction of $36,060.00. Following the acquisition, the chief executive officer now directly owns 227,000 shares in the company, valued at $8,185,620. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders acquired 1,565 shares of company stock valued at $56,894. 20.37% of the stock is owned by company insiders.
About HCI Group
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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