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

HCI Group, Inc. (NYSE:HCI) announced a quarterly dividend on Friday, April 24th. Investors of record on Friday, May 15th will be given a dividend of 0.40 per share by the insurance provider on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th.

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 $17.88 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 8.9%.

HCI Group Stock Up 0.9%

NYSE:HCI traded up $1.44 during trading hours on Wednesday, reaching $154.65. 6,588 shares of the company traded hands, compared to its average volume of 167,377. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $157.17 and its two-hundred day moving average price is $170.11. HCI Group has a 1 year low of $136.37 and a 1 year high of $210.50. The stock has a market capitalization of $1.97 billion, a P/E ratio of 6.81 and a beta of 1.09.

HCI Group (NYSE:HCI) last released its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $5.26 by $0.19. The firm had revenue of $242.88 million for the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. Analysts predict that HCI Group will post 17.82 earnings per share for the current year.

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.