For the full year, the Zacks Consensus Estimates project earnings of $11.68 per share and a revenue of $775.98 million, demonstrating changes of +57.62% and +40.91%, respectively, from the preceding year. In terms of valuation, HCI Group is presently being traded at a Forward P/E ratio of 7.32. This denotes a discount relative to the industry's average Forward P/E of 12.59. Analysts and investors alike will be keeping a close eye on the performance of HCI Group in its upcoming earnings disclosure. The compa ...

About HCI Group, Inc. TAMPA, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share. The dividend is scheduled to be paid September 20, 2024 to shareholders of record at the close of business August 16, 2024. The company's common shares trade on the New York S ...

TAMPA, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share. The dividend is scheduled to be paid September 20, 2024 to shareholders of record at the close of business August 16, 2024. About HCI Group, Inc. HCI Group, Inc. owns subsidiaries engaged in divers ...

Price hikes, operational strength, higher retention, strong renewal and the appointment of retail agents should help write higher premiums. Per Deloitte Insights, gross premiums are estimated to increase sixfold to $722 billion by 2030. Per Fitch Ratings, personal auto is likely to deliver a better performance this year. RLI Corp. (RLI) is one of the industry's most profitable property and casualty writers with an impressive track record of underwriting profits. A strong local branch office network, a broad ...

HCI Group (HCI) ended the recent trading session at $92.11, demonstrating a -0.46% swing from the preceding day's closing price. This change lagged the S&P 500's 0.25% loss on the day. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq depreciated by 0.79%. The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 27, placing it within the top 11% of over 250 industries. The Zacks Industry Rank gauges the str ...

On the other hand, Jackson Financial belongs to the Financial - Miscellaneous Services industry. This 72-stock industry is currently ranked #142. The industry has moved -2.8% year to date. According to our latest data, HCI has moved about 9.7% on a year-to-date basis. In comparison, Finance companies have returned an average of 2.6%. As we can see, HCI Group is performing better than its sector in the calendar year. Investors interested in Finance stocks should always be looking to find the best-performing ...

Better pricing, prudent underwriting and exposure growth have helped the insurance industry perform well. Redesigning and repricing of products and services to maintain sales and profitability, increased automation, prudent underwriting standards, and an improving rate environment are expected to drive premium growth and boost the industry's efficiency. Driving Forces Colorado State University (CSU) estimates an active hurricane season this year, about 170% of the average season. Swiss Re estimates the comb ...

Core Insights - The property and casualty insurance industry is expected to perform well in 2024 due to profitable commercial lines, improving personal lines, and higher investment returns [3][8] - Companies like NMI Holdings, HCI Group, and Skyward Specialty Insurance Group are highlighted for their solid growth potential and operational efficiency [5][11][12] Industry Overview - The Zacks Property and Casualty Insurance industry ranks in the top 14% of 248 Zacks industries, currently holding a Zacks Industry Rank of 35 [8] - The industry has outperformed the Zacks S&P 500 composite and the Finance sector year to date, with a gain of 15.1% compared to 12.6% and 4.4% respectively [9] Pricing and Premiums - The industry is witnessing improving pricing, with Swiss Re estimating a 7% growth in premiums for 2024 and 4.5% for 2025 [6] - Personal auto insurance is expected to perform better than other lines, contributing to improved premiums [6] Company Highlights - NMI Holdings is positioned for growth with an expected long-term earnings growth rate of 6.9%, driven by a strong mortgage insurance portfolio and effective capital deployment [11] - HCI Group is experiencing growth through its homeowners business and proactive risk management strategies [12] - Skyward Specialty Insurance Group benefits from strong new business pricing and higher retention rates [2] Valuation Metrics - The Zacks Property and Casualty Insurance industry is currently undervalued, with a price-to-book (P/B) ratio of 1.52, compared to the Zacks S&P 500 composite's P/B of 6.46 [14] - Specific companies within the industry have shown positive earnings revisions, indicating analysts' confidence in their operational efficiency [4] Growth Drivers - The industry is expected to benefit from an active hurricane season, with Colorado State University estimating it to be about 170% of the average season [16] - Accelerated digitalization and heavy investment in technology, particularly generative AI, are anticipated to improve operational efficiencies [16]

HCI Group (HCI) has been on a downward spiral lately with significant selling pressure. After declining 13.5% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock i ...

Wasan Tita The market environment remains favorable for the insurance industry, with companies reporting premiums and earnings growth. This has not been different for the HCI Group (NYSE:HCI), a Property and Casualty insurer focused on residential insurance products that has seen strong growth in written premiums growth over the last quarters. While HCI's stock price has surged nearly 80% over the past 12 months, in my view, valuations still seem at reasonable levels compared to a group of the largest compa ...