Q1 2019 Earnings Estimate for HCI Group Inc (HCI) Issued By SunTrust Banks

HCI Group Inc (NYSE:HCI) – SunTrust Banks lifted their Q1 2019 EPS estimates for HCI Group in a note issued to investors on Tuesday, November 6th. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings per share of $1.21 for the quarter, up from their prior forecast of $1.17. SunTrust Banks also issued estimates for HCI Group’s Q3 2019 earnings at $0.75 EPS and FY2019 earnings at $4.50 EPS.

Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of HCI Group from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Thursday, August 9th. JMP Securities increased their price objective on shares of HCI Group from $48.00 to $50.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 10th. Finally, TheStreet upgraded shares of HCI Group from a “c” rating to a “b-” rating in a report on Wednesday.

Shares of HCI stock opened at $54.19 on Thursday. The stock has a market cap of $470.91 million, a PE ratio of -72.25 and a beta of 1.36. HCI Group has a 1-year low of $28.70 and a 1-year high of $54.32. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.66 and a current ratio of 0.80.

Several hedge funds have recently made changes to their positions in HCI. Sterling Capital Management LLC purchased a new position in HCI Group in the second quarter valued at approximately $837,000. Wedge Capital Management L L P NC raised its holdings in HCI Group by 97.1% in the third quarter. Wedge Capital Management L L P NC now owns 38,176 shares of the insurance provider’s stock valued at $1,670,000 after buying an additional 18,810 shares during the period. BlackRock Inc. raised its holdings in HCI Group by 4.2% in the second quarter. BlackRock Inc. now owns 1,111,321 shares of the insurance provider’s stock valued at $46,198,000 after buying an additional 44,444 shares during the period. Essex Investment Management Co. LLC purchased a new position in HCI Group in the second quarter valued at approximately $1,928,000. Finally, American Research & Management Co. raised its holdings in HCI Group by 4.5% in the second quarter. American Research & Management Co. now owns 35,700 shares of the insurance provider’s stock valued at $1,484,000 after buying an additional 1,550 shares during the period. Institutional investors and hedge funds own 68.16% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 16th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.50 annualized dividend and a dividend yield of 2.77%. HCI Group’s payout ratio is currently -200.00%.

HCI Group Company Profile

HCI Group, Inc primarily engages in the property and casualty insurance business in Florida. It provides property and casualty insurance to homeowners, condominium owners, and tenants; and reinsurance. The company also owns and operates one full-service restaurant, two marinas, two retail shopping centers, and one office building.

See Also: Outstanding Shares

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

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