HCI Group (HCI) reported first-quarter 2024 earnings of $3.65 per share, which beat the Zacks Consensus Estimate by 33.2%. Quarterly earnings more than doubled year over year.The quarterly results reflected better performance at Homeowner Choice and TypTap Insurance Company, partially offset by a decrease in net investment income and higher expenses.Behind the HeadlinesGross premiums earned of $256.6 million increased 42.5% year over year. Quarterly results include $67 million of premium from the assumption ...

HCI Group, Inc. (NYSE:HCI) Q1 2024 Results Conference Call May 8, 2024 4:45 PM ET Company Participants Matt Glover - Gateway Group Inc. Karin Coleman - Chief Operating Officer Mark Harmsworth - Chief Financial Officer Paresh Patel - Chief Executive Officer Conference Call Participants Michael Phillips - Oppenheimer Mark Hughes - Truist Matt Carletti - Citizens JMP Operator Good afternoon, and welcome to HCI Group's First Quarter 2024 Earnings Call. My name is Kelly and I will be your conference operator. At ...

For the quarter ended March 2024, HCI Group (HCI) reported revenue of $206.61 million, up 60.1% over the same period last year. EPS came in at $3.65, compared to $1.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $189.17 million, representing a surprise of +9.22%. The company delivered an EPS surprise of +33.21%, with the consensus EPS estimate being $2.74.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

HCI Group (HCI) came out with quarterly earnings of $3.65 per share, beating the Zacks Consensus Estimate of $2.74 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.21%. A quarter ago, it was expected that this property and casualty insurance holding company would post earnings of $1.41 per share when it actually produced earnings of $3.22, delivering a surprise of 128.37%.Over th ...

Tampa, Fla. – May 8, 2024 – HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported pre-tax income of $77.4 million and net income of $57.0 million, or $3.81 diluted earnings per share, in the first quarter of 2024, compared with net income of $17.8 million, or $1.54 diluted earnings per share, in the first quarter of 2023. Adjusted net income (a non-GAAP measure which excludes net unrealized gains or loss ...

HCI Group (HCI) is set to report first-quarter 2024 earnings on May 8, after market close. This Florida-focused insurance company delivered an earnings surprise in each of the last four reported quarters.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.HCI’s first-quarter results are likely to benefit from solid performances across all its business units.Premiums are likely to have improved attributable to policies assumed from Citizen through TypTap, the addition ...

HCI Group (HCI) closed the latest trading day at $114.51, indicating a -0.43% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.32%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.35%.Heading into today, shares of the property and casualty insurance holding company had lost 0.93% over the past month, outpacing the Finance sector's loss of 5.24% and the S&P 500's loss of 2% in that time.Market pa ...

HCI Group (HCI) closed the latest trading day at $114.79, indicating a +1.35% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 1.2% for the day. Elsewhere, the Dow saw an upswing of 0.69%, while the tech-heavy Nasdaq appreciated by 1.59%.Heading into today, shares of the property and casualty insurance holding company had lost 3.43% over the past month, outpacing the Finance sector's loss of 5.68% and the S&P 500's loss of 4.16% in that time.Market participa ...

TAMPA, Fla., April 23, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that it has entered into a new Executive Employment Agreement with its Chairman and Chief Executive Officer, Paresh Patel. The new agreement secures Mr. Patel's leadership for at least an additional five years. Mr. Patel's proven success over HCI's 17-year history has seen the Company grow to over ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about HCI Group (HCI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.HCI Group currently has an averag ...