HCI Group (HCI) Receiving Somewhat Positive Media Coverage, Analysis Shows
Media headlines about HCI Group (NYSE:HCI) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HCI Group earned a news impact score of 0.10 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.5981119298731 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have commented on HCI shares. TheStreet upgraded shares of HCI Group from a “c” rating to a “b-” rating in a research note on Thursday, May 4th. Keefe, Bruyette & Woods restated a “hold” rating on shares of HCI Group in a research note on Monday, May 15th. ValuEngine upgraded shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. Zacks Investment Research upgraded shares of HCI Group from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, June 7th. Finally, SunTrust Banks, Inc. started coverage on shares of HCI Group in a research note on Tuesday, July 4th. They set a “buy” rating and a $52.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.67.
HCI Group (NYSE:HCI) traded down 2.86% during trading on Thursday, hitting $38.99. 84,625 shares of the company traded hands. The company’s 50-day moving average is $43.46 and its 200 day moving average is $45.27. The firm has a market cap of $389.35 million, a price-to-earnings ratio of 10.74 and a beta of 2.36. HCI Group has a 52-week low of $24.35 and a 52-week high of $50.93.
HCI Group (NYSE:HCI) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $67.58 million during the quarter, compared to the consensus estimate of $64.33 million. During the same period last year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that HCI Group will post $3.40 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, August 16th. HCI Group’s dividend payout ratio is presently 38.36%.
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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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