HCI Group Inc (HCI) Releases Earnings Results, Misses Expectations By $-0.31 EPS

HCI Group Inc (HCI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.71 earnings per share for the quarter, missing the analyst consensus estimate by $-0.31. Analysts had a consensus of $1.02. The company posted revenue of $61.52 million in the period. The company’s revenue was down -22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 EPS.

HCI Group Inc closed down -0.2 points or -0.66% at $30.16 with 99,153 shares getting traded on Friday. Post opening the session at $30.35, the shares hit an intraday low of $30 and an intraday high of $30.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Jul 13, 2016, HCI Group Inc announced a cash dividend of $0.3000. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 16, 2016.

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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