HCI Group Inc. (HCI) Sees Large Volume Increase
HCI Group Inc. (NYSE:HCI) saw unusually-strong trading volume on Friday . Approximately 189,888 shares traded hands during 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 lowered their target price on shares of 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $45.50.
The stock has a market capitalization of $328.26 million and a PE ratio of 10.15. The firm’s 50 day moving average is $30.73 and its 200-day moving average is $31.16.
HCI Group (NYSE:HCI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.34. During the same period in the prior year, the company posted $1.93 earnings per share. The company earned $61.52 million during the quarter, compared to analysts’ expectations of $64.86 million. The business’s revenue was down 22.2% compared to the same quarter last year. 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend 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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