HCI Group, Inc. (HCI) to Issue Quarterly Dividend of $0.40 on March 20th

HCI Group, Inc. (NYSE:HCI) declared a quarterly dividend on Friday, January 16th. Investors of record on Friday, February 20th will be given a dividend of 0.40 per share by the insurance provider on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, February 20th.

HCI Group has a dividend payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HCI Group to earn $13.50 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 11.9%.

HCI Group Trading Down 1.5%

HCI Group stock traded down $2.45 during mid-day trading on Wednesday, hitting $157.55. The company’s stock had a trading volume of 18,938 shares, compared to its average volume of 153,210. The business has a 50 day moving average price of $174.11 and a 200-day moving average price of $177.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80. HCI Group has a 12 month low of $115.65 and a 12 month high of $210.50. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 10.06 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HCI shares. Oppenheimer downgraded shares of HCI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Truist Financial boosted their price objective on shares of HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Weiss Ratings restated a “buy (b)” rating on shares of HCI Group in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $231.67.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.