HCI Group, Inc. (HCI) to Issue Quarterly Dividend of $0.40 on December 20th

HCI Group, Inc. (NYSE:HCI) announced a quarterly dividend on Monday, October 28th,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.40 per share by the insurance provider on Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, November 15th.

HCI Group has a dividend payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect HCI Group to earn $12.86 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 12.4%.

HCI Group Stock Performance

NYSE:HCI opened at $115.80 on Wednesday. The stock has a market cap of $1.22 billion, a P/E ratio of 9.67 and a beta of 1.12. The stock has a 50 day simple moving average of $108.83 and a 200 day simple moving average of $100.37. The company has a current ratio of 0.47, a quick ratio of 0.44 and a debt-to-equity ratio of 0.40. HCI Group has a 1-year low of $74.62 and a 1-year high of $124.00.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HCI shares. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Compass Point reaffirmed a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Oppenheimer lifted their price objective on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Truist Financial lifted their price objective on HCI Group from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.