HCI Group stock climbs 9.9% after strong Q4, William Blair upgrade [Seeking Alpha]
HCI Group, Inc. (HCI)
Last hci group, inc. earnings: 3/5 04:15 pm
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US:NYSE Investor Relations:
hcigroup.com
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Source: Seeking Alpha
In the wake of the results, William Blair upgraded the stock the stock to Outperform from Market Perform, citing the company's "strong runway for elevated earnings growth." Q4 adjusted EPS of $3.22 per share , topping the single analyst estimate of $1.42, jumped from $0.06 in the year-ago quarter. "HCI is poised to achieve accelerated premium growth going forward, given a combination of multiple organic growth vectors and opportunity through its relationship with Florida Citizens," the analyst added. Gross premiums earned in Q4 increased to $215.2M, including $23M of premiums from the assumptions of policies from Citizens, from $183.0M in Q4 2022. Premiums ceded for reinsurance declined to $66.6M from $77.0M a year ago. That represents 30.9% of gross premiums earned vs. 42.1% in Q4 2022. Net investment income climbed to $10.3M from $7.4M a year ago, attributable to higher yields of fixed maturity securities, cash, and cash equivalents, as well as a higher cash balance. Gro
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HCI
News
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- HCI Group Declares Quarterly Cash DividendGlobeNewswire
- HCI Group, Inc.'s (NYSE:HCI) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Here's Why HCI Group (HCI) Rose in Q1 [Yahoo! Finance]Yahoo! Finance
HCI
Earnings
- 3/7/24 - Beat
HCI
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEF
- 4/25/24 - Form SC
- HCI's page on the SEC website