HCI Group Inc. (HCI) Sees Unusually-High Trading Volume
HCI Group Inc. (NYSE:HCI) shares saw an uptick in trading volume on Friday . 189,888 shares changed hands during mid-day trading, an increase of 115% from the previous session’s volume of 88,315 shares.The stock last traded at $31.60 and had previously closed at $31.11.
Separately, JMP Securities decreased their target price on HCI Group from $40.00 to $38.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. HCI Group currently has a consensus rating of “Buy” and a consensus target price of $45.50.
The stock has a market capitalization of $328.26 million and a P/E ratio of 10.15. The firm has a 50-day moving average of $30.73 and a 200-day moving average of $31.16.
HCI Group (NYSE:HCI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.34. The company earned $61.52 million during the quarter, compared to the consensus estimate of $64.86 million. During the same quarter last year, the business posted $1.93 earnings per share. The firm’s quarterly revenue was down 22.2% compared to the same quarter last year. Equities analysts anticipate that HCI Group Inc. will post $2.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 19th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Wednesday, August 17th.
HCI Group, Inc (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations.
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