HCI Group, Inc. (HCI) To Go Ex-Dividend on August 21st

HCI Group, Inc. (NYSE:HCI) announced a quarterly dividend on Wednesday, July 8th. Investors of record on Friday, August 21st will be given a dividend of 0.40 per share by the insurance provider on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st.

HCI Group has a payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HCI Group to earn $18.38 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 8.7%.

HCI Group Trading Up 0.4%

Shares of HCI Group stock opened at $179.91 on Friday. The business has a fifty day simple moving average of $162.47 and a two-hundred day simple moving average of $163.88. HCI Group has a 1 year low of $136.37 and a 1 year high of $210.50. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 7.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82.

HCI Group (NYSE:HCI) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. Research analysts forecast that HCI Group will post 18.07 EPS for the current year.

Institutional Investors Weigh In On HCI Group

Institutional investors have recently modified their holdings of the business. Torren Management LLC acquired a new stake in HCI Group in the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC grew its position in shares of HCI Group by 519.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 184 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of HCI Group by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 71 shares during the period. Finally, Global Assets Advisory LLC bought a new position in shares of HCI Group during the first quarter worth approximately $46,000. Institutional investors own 86.99% of the company’s stock.

About HCI Group

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.