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

HCI Group, Inc. (NYSE:HCI) declared a quarterly dividend on Friday, January 16th. Stockholders of record on Friday, February 20th will be given a dividend of 0.40 per share by the insurance provider on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, February 20th.

HCI Group has a payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HCI Group to earn $13.50 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 11.9%.

HCI Group Stock Performance

Shares of HCI traded down $0.20 during trading hours on Wednesday, hitting $159.80. The stock had a trading volume of 5,610 shares, compared to its average volume of 152,991. The stock has a fifty day moving average price of $174.11 and a 200 day moving average price of $177.02. HCI Group has a 12 month low of $115.65 and a 12 month high of $210.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $2.07 billion, a PE ratio of 10.20 and a beta of 1.21.

Institutional Investors Weigh In On HCI Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP raised its stake in HCI Group by 107.3% during the 2nd quarter. Marshall Wace LLP now owns 158,224 shares of the insurance provider’s stock worth $24,082,000 after acquiring an additional 81,884 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of HCI Group by 9.5% during the second quarter. Yousif Capital Management LLC now owns 3,450 shares of the insurance provider’s stock worth $525,000 after purchasing an additional 298 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of HCI Group by 15.2% in the 2nd quarter. American Century Companies Inc. now owns 521,641 shares of the insurance provider’s stock valued at $79,394,000 after purchasing an additional 68,860 shares during the last quarter. Sierra Summit Advisors LLC acquired a new stake in shares of HCI Group in the 2nd quarter valued at about $675,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of HCI Group by 20.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 36,235 shares of the insurance provider’s stock valued at $5,515,000 after purchasing an additional 6,090 shares during the period. Institutional investors and hedge funds 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.