HCI Group, Inc. (NYSE:HCI) Announces Quarterly Dividend of $0.40

HCI Group, Inc. (NYSE:HCI) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Friday, February 21st will be given a dividend of 0.40 per share by the insurance provider on Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.31%.

HCI Group has a dividend payout ratio of 13.8% meaning 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 Price Performance

HCI Group stock traded up $0.37 during mid-day trading on Tuesday, hitting $122.21. 59,750 shares of the company traded hands, compared to its average volume of 114,493. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. HCI Group has a one year low of $83.64 and a one year high of $126.50. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 10.21 and a beta of 1.12. The stock has a fifty day moving average price of $117.10 and a 200-day moving average price of $108.10.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. The company had revenue of $175.32 million during the quarter, compared to the consensus estimate of $192.08 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. During the same period in the previous year, the firm posted $1.41 EPS. On average, equities analysts predict that HCI Group will post 6.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Oppenheimer upped their price objective on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Compass Point reaffirmed a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Truist Financial reissued a “buy” rating and set a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $145.00 price objective on shares of HCI Group in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

HCI Group Company Profile

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.