HCI Group Inc (HCI) Releases Earnings Results, Misses Expectations By $-0.15 EPS

HCI Group Inc (HCI) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.60 earnings per share for the quarter, missing the analyst consensus estimate by $-0.15. Analysts had a consensus of $0.75. The company posted revenue of $60.74 million in the period, compared to analysts expectations of $61.90 million. The company’s revenue was down -26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.21 EPS.

HCI Group Inc opened for trading at $30 and hit $30.55 on the upside on Monday, eventually ending the session at $30.29, with a gain of 1.10% or 0.33 points. The heightened volatility saw the trading volume jump to 1,03,973 shares. Company has a market cap of $327 M.

In a different news, on Mar 14, 2016, Martin A Traber (director) sold 6,000 shares at $31.50 per share price. According to the SEC, on Feb 5, 2016, Paresh Patel (Chief Executive Officer) purchased 61 shares at $31.83 per share price. On Dec 21, 2015, Andrew L. Graham (GC/Corporate Secretary) purchased 300 shares at $33.00 per share price, according to the Form-4 filing with the securities and exchange commission.

HCI Group Inc. (HCI) is a holding company. The Company’s operations include Insurance Operations which offers property and casualty insurance and reinsurance and Other Operations which include IT and real estate. Property and Casualty Insurance business is managed by its subsidiary Homeowners Choice Property & Casualty Insurance Company Inc. (HCPCI). Through HCPCI the Company provides property and casualty insurance to homeowners condominium owners and tenants residing in Florida. The Company manages its reinsurance business through its Bermuda domiciled wholly owned subsidiary Claddaugh Casualty Insurance Company Ltd. (Claddaugh). HCI’s IT operations include a team of experienced software developers with knowledge in developing Web-based products and applications for mobile devices. The Company’s real estate operations consist of several properties it owns including the headquarters building in Tampa Florida and a secondary insurance operations site in Ocala Florida.

HCI Group Inc

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