Media coverage about HCI Group (NYSE:HCI) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. HCI Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 44.8521786233829 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
HCI has been the topic of several recent research reports. ValuEngine cut shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. TheStreet cut shares of HCI Group from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. Finally, Zacks Investment Research raised shares of HCI Group from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.33.
HCI Group (NYSE:HCI) opened at $35.00 on Friday. The stock has a market cap of $350.68, a PE ratio of -18.52 and a beta of 2.18. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.22. HCI Group has a 1-year low of $27.11 and a 1-year high of $50.93.
HCI Group (NYSE:HCI) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($4.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.52) by ($1.92). The firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $66.46 million. HCI Group had a negative net margin of 5.63% and a negative return on equity of 6.34%. HCI Group’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter last year, the company posted $1.10 earnings per share. equities research analysts predict that HCI Group will post -0.4 earnings per share for the current year.
HCI Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, Director Gregory Politis acquired 2,000 shares of the stock in a transaction on Monday, December 18th. The stock was bought at an average price of $29.97 per share, with a total value of $59,940.00. Following the completion of the transaction, the director now directly owns 194,000 shares of the company’s stock, valued at $5,814,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paresh Patel acquired 1,000 shares of the stock in a transaction on Friday, December 8th. The stock was purchased at an average cost of $30.30 per share, with a total value of $30,300.00. Following the transaction, the chief executive officer now directly owns 74,000 shares of the company’s stock, valued at $2,242,200. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 13,000 shares of company stock worth $391,360. Insiders own 20.37% of the company’s stock.
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.
Receive News & Ratings for HCI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group and related companies with MarketBeat.com's FREE daily email newsletter.