News headlines about HCI Group (NYSE:HCI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HCI Group earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 47.7068741161459 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
Shares of HCI Group (HCI) traded up $0.72 during trading hours on Wednesday, reaching $34.83. The company’s stock had a trading volume of 17,192 shares, compared to its average volume of 163,365. HCI Group has a one year low of $27.11 and a one year high of $50.93. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.61 and a quick ratio of 0.61.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, February 15th. HCI Group’s payout ratio is presently -74.07%.
HCI Group announced that its board has approved a share buyback plan on Wednesday, December 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
HCI has been the subject of several recent analyst reports. Zacks Investment Research raised HCI Group from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, February 6th. ValuEngine downgraded HCI Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.50.
In other news, Director James J. Macchiarola purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average cost of $30.44 per share, for a total transaction of $182,640.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory Politis purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased 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 approximately $5,814,180. The disclosure for this purchase can be found here. Insiders bought 13,000 shares of company stock valued at $391,360 over the last 90 days. Company insiders own 20.37% of the company’s stock.
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About HCI Group
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.
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