Research Analysts Set Expectations for HCI Group Inc’s Q2 2018 Earnings (HCI)

HCI Group Inc (NYSE:HCI) – Investment analysts at SunTrust Banks increased their Q2 2018 earnings estimates for shares of HCI Group in a research report issued on Thursday. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings of $1.05 per share for the quarter, up from their prior forecast of $0.90. SunTrust Banks also issued estimates for HCI Group’s Q1 2019 earnings at $1.13 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $1.19 EPS and FY2019 earnings at $4.08 EPS.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) EPS for the quarter, missing analysts’ consensus estimates of ($2.52) by ($1.92). The business had revenue of $44.00 million for the quarter, compared to the consensus estimate of $66.46 million. HCI Group had a negative return on equity of 6.34% and a negative net margin of 5.63%. HCI Group’s revenue was down 30.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share.

HCI has been the subject of a number of other reports. ValuEngine downgraded shares of HCI Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Zacks Investment Research raised shares of HCI Group from a “sell” rating to a “hold” rating in a report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.33.

HCI Group (HCI) opened at $35.47 on Friday. HCI Group has a 1-year low of $27.11 and a 1-year high of $50.93. 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 declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, February 15th. HCI Group’s payout ratio is -74.07%.

In other news, Director Gregory Politis purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average cost of $29.97 per share, with a total value of $59,940.00. Following the acquisition, the director now directly owns 194,000 shares of the company’s stock, valued at approximately $5,814,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Macchiarola purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average cost of $30.44 per share, with a total value of $182,640.00. The disclosure for this purchase can be found here. Insiders have bought a total of 13,000 shares of company stock valued at $391,360 over the last ninety days. 20.37% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Thrivent Financial For Lutherans lifted its holdings in HCI Group by 3.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock valued at $233,000 after purchasing an additional 160 shares during the last quarter. Brandywine Global Investment Management LLC lifted its holdings in HCI Group by 11.4% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 3,230 shares of the insurance provider’s stock valued at $152,000 after purchasing an additional 330 shares during the last quarter. Citigroup Inc. lifted its holdings in HCI Group by 5.5% during the 2nd quarter. Citigroup Inc. now owns 10,714 shares of the insurance provider’s stock valued at $504,000 after purchasing an additional 557 shares during the last quarter. Legal & General Group Plc lifted its holdings in HCI Group by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 14,790 shares of the insurance provider’s stock valued at $695,000 after purchasing an additional 643 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in HCI Group by 14.3% during the 2nd quarter. Voya Investment Management LLC now owns 5,433 shares of the insurance provider’s stock valued at $255,000 after purchasing an additional 681 shares during the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

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HCI Group Company Profile

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.

Earnings History and Estimates for HCI Group (NYSE:HCI)

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