HCI Group (HCI) Receives Media Impact Score of 0.04
News coverage about HCI Group (NYSE:HCI) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. HCI Group earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 47.0791209815614 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of HCI Group (NYSE:HCI) opened at $30.25 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.22. HCI Group has a 52-week low of $27.11 and a 52-week high of $50.93.
HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($1.92). The company had revenue of $44.00 million during the quarter, compared to the consensus estimate of $66.46 million. HCI Group had a negative net margin of 5.63% and a negative return on equity of 6.34%. HCI Group’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. research analysts forecast that HCI Group will post -0.4 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, November 16th. HCI Group’s payout ratio is -74.07%.
Several equities research analysts have commented on the stock. BidaskClub cut shares of HCI Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. ValuEngine cut shares of HCI Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. TheStreet lowered shares of HCI Group from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. Finally, Sidoti upgraded shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, September 11th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $43.33.
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In related news, CEO Paresh Patel acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average price of $36.06 per share, with a total value of $36,060.00. Following the purchase, the chief executive officer now directly owns 227,000 shares in the company, valued at $8,185,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders purchased 1,565 shares of company stock valued at $56,894. 20.37% of the stock is owned by insiders.
About HCI Group
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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