HCI Group (HCI) Receives Media Impact Rating of 0.14
Headlines about HCI Group (NYSE:HCI) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HCI Group earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 45.8294164605809 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- HCI Group Inc (HCI) CEO Paresh Patel Purchases 1,000 Shares (americanbankingnews.com)
- HCI Group Appoints Karin Coleman to Executive Vice President (finance.yahoo.com)
- Reviewing HCI Group (HCI) and Essent Group (ESNT) (americanbankingnews.com)
- HCI Group (HCI) Board of Directors Authorizes Stock Buyback Plan (americanbankingnews.com)
HCI Group (HCI) opened at $30.00 on Thursday. HCI Group has a one year low of $27.11 and a one year high of $50.93. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.61 and a quick ratio of 0.61.
HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($1.92). HCI Group had a negative return on equity of 6.34% and a negative net margin of 5.63%. The firm had revenue of $44.00 million for the quarter, compared to the consensus estimate of $66.46 million. During the same quarter last year, the business earned $1.10 earnings per share. The business’s revenue for the quarter was down 30.5% compared to the same quarter last year. equities analysts anticipate that HCI Group will post -0.4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Thursday, November 16th. HCI Group’s dividend payout ratio (DPR) is presently -74.07%.
HCI Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
HCI has been the subject of several research analyst reports. Sidoti upgraded HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Monday, September 11th. TheStreet cut HCI Group from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. ValuEngine cut HCI Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Zacks Investment Research upgraded HCI Group from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $43.33.
In related news, Director James J. Macchiarola bought 6,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were bought at an average cost of $30.44 per share, for a total transaction of $182,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paresh Patel bought 1,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was bought at an average price of $36.06 per share, for a total transaction of $36,060.00. Following the completion of the purchase, the chief executive officer now directly owns 227,000 shares of the company’s stock, valued at approximately $8,185,620. The disclosure for this purchase can be found here. Insiders have purchased 8,565 shares of company stock worth $269,834 over the last 90 days. 20.37% of the stock is currently owned by company 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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