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HCI Group

LSE:0J22
Snowflake Description

High growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0J22
LSE
$361M
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

HCI Group, Inc. engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. The last earnings update was 48 days ago. More info.


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0J22 Share Price and Events
7 Day Returns
0%
LSE:0J22
-0.6%
GB Insurance
1.2%
GB Market
1 Year Returns
0.5%
LSE:0J22
-5.4%
GB Insurance
2.5%
GB Market
0J22 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HCI Group (0J22) 0% 2.1% -16.4% 0.5% - -
GB Insurance -0.6% 7.9% 9.8% -5.4% 16.5% 21%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • 0J22 outperformed the Insurance industry which returned -5.4% over the past year.
  • 0J22 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0J22
Industry
5yr Volatility vs Market

0J22 Value

 Is HCI Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of HCI Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for HCI Group.

LSE:0J22 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $26.08 * 13.6%
$3.54
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $26.08
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0J22
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 21%) (69.26%))
1.081
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.081 * 5.96%)
7.67%

Discounted Cash Flow Calculation for LSE:0J22 using Excess Returns Model Model

The calculations below outline how an intrinsic value for HCI Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0J22 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.6% – 7.67%) * $26.08)
$1.54
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.54 / (7.67% - 1.23%)
$23.95
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $26.08 + $23.95
$50.03
LSE:0J22 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0J22 represents 0.99548x of NYSE:HCI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99548x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 50.03 x 0.99548
$49.81
Value per share (USD) From above. $49.81
Current discount Discount to share price of $41.88
= -1 x ($41.88 - $49.81) / $49.81
15.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price HCI Group is available for.
Intrinsic value
16%
Share price is $41.88 vs Future cash flow value of $49.81
Current Discount Checks
For HCI Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • HCI Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • HCI Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for HCI Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HCI Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0J22 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.34
NYSE:HCI Share Price ** NYSE (2019-04-10) in USD $42.07
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.15x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of HCI Group.

LSE:0J22 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HCI Share Price ÷ EPS (both in USD)

= 42.07 ÷ 2.34

17.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HCI Group is overvalued based on earnings compared to the GB Insurance industry average.
  • HCI Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does HCI Group's expected growth come at a high price?
Raw Data
LSE:0J22 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
26.9%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.55x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:0J22 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.97x ÷ 26.9%

0.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HCI Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on HCI Group's assets?
Raw Data
LSE:0J22 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $21.71
NYSE:HCI Share Price * NYSE (2019-04-10) in USD $42.07
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:0J22 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HCI Share Price ÷ Book Value per Share (both in USD)

= 42.07 ÷ 21.71

1.94x

* Primary Listing of HCI Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HCI Group is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess HCI Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. HCI Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0J22 Future Performance

 How is HCI Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HCI Group expected to grow at an attractive rate?
  • HCI Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • HCI Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • HCI Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0J22 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0J22 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 26.9%
LSE:0J22 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.2%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0J22 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0J22 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 279 48 1
2020-12-31 250 42 2
2019-12-31 236 34 2
LSE:0J22 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 231 29 18
2018-09-30 240 -6 37
2018-06-30 226 13 -9
2018-03-31 234 -23 -8
2017-12-31 244 17 -6
2017-09-30 255 48 -14
2017-06-30 275 49 35
2017-03-31 269 85 33
2016-12-31 262 88 27
2016-09-30 253 31 34
2016-06-30 247 38 30
2016-03-31 264 14 44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HCI Group's earnings are expected to grow significantly at over 20% yearly.
  • HCI Group's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0J22 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from HCI Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0J22 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.50 5.50 5.50 1.00
2020-12-31 4.80 4.80 4.80 1.00
2019-12-31 3.81 3.81 3.81 1.00
LSE:0J22 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.34
2018-09-30 4.67
2018-06-30 -1.10
2018-03-31 -0.91
2017-12-31 -0.75
2017-09-30 -1.54
2017-06-30 3.94
2017-03-31 3.61
2016-12-31 2.95
2016-09-30 3.61
2016-06-30 3.16
2016-03-31 4.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • HCI Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess HCI Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
HCI Group has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0J22 Past Performance

  How has HCI Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare HCI Group's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • HCI Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • HCI Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • HCI Group has become profitable in the last year making it difficult to compare the GB Insurance industry average.
Earnings and Revenue History
HCI Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from HCI Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0J22 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 231.29 18.44 25.91
2018-09-30 239.92 37.44 25.01
2018-06-30 225.67 -9.00 24.90
2018-03-31 234.43 -7.63 24.44
2017-12-31 244.41 -6.41 25.13
2017-09-30 255.15 -13.53 27.14
2017-06-30 275.40 35.29 27.54
2017-03-31 269.34 33.03 26.81
2016-12-31 262.22 27.48 26.20
2016-09-30 253.26 34.13 26.21
2016-06-30 246.79 30.27 25.44
2016-03-31 264.34 44.34 25.41
2015-12-31 285.95 62.46 28.28
2015-09-30 287.29 65.25 24.60
2015-06-30 292.99 71.35 24.93
2015-03-31 280.20 65.79 24.63
2014-12-31 266.11 58.35 24.59
2014-09-30 266.61 59.23 35.88
2014-06-30 254.35 58.63 31.20
2014-03-31 247.39 58.79 25.96
2013-12-31 241.09 62.25 20.08
2013-09-30 226.91 60.46 4.33
2013-06-30 203.70 50.75 2.85
2013-03-31 183.05 42.45 1.76
2012-12-31 162.89 29.35 11.39
2012-09-30 148.38 21.18 0.73
2012-06-30 136.61 20.31 0.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • HCI Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HCI Group used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
  • HCI Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HCI Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
HCI Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0J22 Health

 How is HCI Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up HCI Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HCI Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HCI Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HCI Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from HCI Group Company Filings, last reported 3 months ago.

LSE:0J22 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 181.44 250.15 305.94
2018-09-30 192.14 248.54 336.86
2018-06-30 191.02 240.98 326.50
2018-03-31 192.90 239.39 281.64
2017-12-31 193.98 237.84 255.88
2017-09-30 193.06 236.31 293.44
2017-06-30 238.43 234.82 296.52
2017-03-31 232.17 272.98 407.94
2016-12-31 243.75 148.33 280.53
2016-09-30 244.51 138.17 291.88
2016-06-30 239.76 128.59 309.27
2016-03-31 237.24 127.86 277.91
2015-12-31 237.72 129.43 267.74
2015-09-30 229.14 131.65 331.54
2015-06-30 225.75 130.93 274.73
2015-03-31 206.02 130.23 271.41
2014-12-31 182.59 125.89 314.42
2014-09-30 179.57 128.87 304.32
2014-06-30 176.09 128.21 302.05
2014-03-31 168.71 127.56 296.58
2013-12-31 160.52 126.93 293.40
2013-09-30 166.53 40.25 273.88
2013-06-30 153.59 40.25 296.81
2013-03-31 139.73 40.25 279.33
2012-12-31 121.25 0.00 230.21
2012-09-30 101.09 0.00 141.92
2012-06-30 98.00 0.00 131.09
  • HCI Group's level of debt (137.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (79% vs 137.9% today).
  • Debt is not well covered by operating cash flow (11.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess HCI Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. HCI Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0J22 Dividends

 What is HCI Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.8%
Current annual income from HCI Group dividends. Estimated to be 3.96% next year.
If you bought $2,000 of HCI Group shares you are expected to receive $76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • HCI Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • HCI Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.1%).
Upcoming dividend payment

Purchase HCI Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0J22 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0J22 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.76 1.00
2020-12-31 1.68 2.00
2019-12-31 1.60 2.00
LSE:0J22 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-11 1.600 3.846
2019-01-17 1.600 3.579
2018-10-23 1.500 3.002
2018-07-06 1.500 3.579
2018-04-17 1.500 3.579
2018-01-22 1.400 3.776
2017-10-24 1.400 4.382
2017-07-10 1.400 3.531
2017-04-21 1.400 3.050
2017-01-17 1.400 3.137
2016-10-17 1.200 3.637
2016-07-13 1.200 3.943
2016-04-19 1.200 4.009
2016-01-12 1.200 3.685
2015-10-22 1.200 3.198
2015-07-21 1.200 2.965
2015-04-22 1.200 2.709
2015-01-22 1.200 2.571
2014-10-21 1.100 2.482
2014-06-26 1.100 2.696
2014-03-17 1.100 2.872
2014-01-27 1.100 2.595
2013-10-18 1.100 2.315
2013-07-16 1.000 2.762
2013-03-05 1.000 3.458
2013-01-22 1.000 4.617
2012-10-19 1.000 4.675
2012-07-25 0.900 4.163
2012-03-28 0.900 6.116
2012-01-17 0.700 6.493
2011-11-21 0.600 7.498
2011-07-26 0.400 5.920
2011-04-26 0.400 5.655
2011-01-26 0.400 4.877
2010-11-03 0.400 4.898

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, HCI Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but HCI Group only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of HCI Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess HCI Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can HCI Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HCI Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0J22 Management

 What is the CEO of HCI Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paresh Patel
COMPENSATION $4,130,557
AGE 55
TENURE AS CEO 7.8 years
CEO Bio

Mr. Pareshbhai Suryakant Patel, also known as Paresh, co-founded HCI Group, Inc. in November 2006 and has been Chief Executive Officer since July 1, 2011. Mr. Patel has been President of Homeowners Choice Property & Casualty Insurance Company, Inc. since June 2015 and also serves as its Chairman of the Board. Mr. Patel serves as President of HCI Group, Inc. Mr. Patel serves as the Executive Chairman, President and Director of TypTap Insurance Company. He is a Founder of NorthStar Bank in Tampa, Florida. Mr. Patel serves as Vice President of Greenleaf Capital, LLC. Mr. Patel served as the Executive Chairman of Homeowners Choice Property & Casualty Insurance Company, Inc. He has been the President of Scorpio Systems, Inc. a software development company of which he is the sole owner from 2006 to 2011. Mr. Patel has broad experience in technology and finance. He developed and continues to oversee development of the TypTap Insurance Company's policy administration systems. Mr. Patel also served as President of Homeowners Choice Property & Casualty Insurance Company, Inc. from 2011 to 2012. He served as Executive Chairman of Strategic Planning & Investments at HCI Group, Inc. He has considerable experience in business, management, systems and technology. As a private investor from 2000 to 2006, he used statistical and probability techniques to develop and implement a system for managing money as a business to generate cash flow. As a private investor from 2000 to 2006, Mr. Patel developed and implemented his own money management system based upon statistical and probability techniques. Mr. Patel served as a Director of Customer Care and Billing at Global Crossing from 1998 to 2000. In that position, he defined business processes and systems, hired and trained department staff and led the merger of the customer care and billing systems with the systems of companies that Global Crossing acquired. As an independent software and systems consultant from 1991 to 1998, he worked with large international telephone companies. He has been the Chairman of the Board at HCI Group, Inc. since May 2007. He served as Chairman of the Board at Oxbridge Re Holdings Limited since April 2013 until December 31, 2017. From 2011 to 2015, he served as Chairman of the Board of Directors of First Home Bancorp, Inc. He has been a Director of HCI Group, Inc. since November 2006. Since 2012, he has been a Director for Moksha Re SPC Ltd. He served as a Director of NorthStar Bank (Tampa, FL) and its parent company, NorthStar Banking Corporation from 2006 to 2010. Mr. Patel holds a Bachelors and Master’s Degree in Electronic engineering from the University of Cambridge in United Kingdom in 1984.

CEO Compensation
  • Paresh's compensation has increased in line with HCI Group recently becoming profitable.
  • Paresh's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the HCI Group management team in years:

4.9
Average Tenure
55
Average Age
  • The tenure for the HCI Group management team is about average.
Management Team

Paresh Patel

TITLE
Co-Founder
COMPENSATION
$4M
AGE
55
TENURE
7.8 yrs

James Harmsworth

TITLE
Chief Financial Officer
COMPENSATION
$510K
AGE
54
TENURE
1.9 yrs

Andrew Graham

TITLE
VP, General Counsel & Company Secretary
COMPENSATION
$422K
AGE
60
TENURE
10.8 yrs

Karin Coleman

TITLE
Executive Vice President
COMPENSATION
$391K
AGE
57
TENURE
1.3 yrs

Anthony Saravanos

TITLE
President of Greenleaf Capital LLC & Director
COMPENSATION
$394K
AGE
47
TENURE
5.5 yrs

Kevin Mitchell

TITLE
Vice President of Investor Relations
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the HCI Group board of directors in years:

10
Average Tenure
63
Average Age
  • The tenure for the HCI Group board of directors is about average.
Board of Directors

Anthony Saravanos

TITLE
President of Greenleaf Capital LLC & Director
COMPENSATION
$394K
AGE
47
TENURE
11.9 yrs

Harish Patel

TITLE
Director
COMPENSATION
$117K
AGE
61
TENURE
8 yrs

Paresh Patel

TITLE
Co-Founder
COMPENSATION
$4M
AGE
55
TENURE
11.9 yrs

Robert Burks

TITLE
Director
COMPENSATION
$117K
AGE
70
TENURE
5.8 yrs

Jim Macchiarola

TITLE
Director
COMPENSATION
$117K
AGE
69
TENURE
5.4 yrs

Gregory Politis

TITLE
Lead Independent Director
COMPENSATION
$117K
AGE
65
TENURE
2.3 yrs

George Apostolou

TITLE
Director
COMPENSATION
$117K
AGE
67
TENURE
11.9 yrs

Jay Madhu

TITLE
Director
COMPENSATION
$117K
AGE
52
TENURE
11.9 yrs

Sue Watts

TITLE
Director

Loreen Spencer

TITLE
Director
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by HCI Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. Apr 19 Buy Gregory Politis Individual 12. Apr 19 12. Apr 19 4,000 $40.91 $163,620
14. Mar 19 Buy Pareshbhai Patel Individual 13. Mar 19 13. Mar 19 7,000 $41.20 $288,393
20. Dec 18 Buy Harish Patel Individual 14. Dec 18 18. Dec 18 1,215 $53.40 $63,447
18. Dec 18 Buy Robert Burks Individual 14. Dec 18 14. Dec 18 100 $51.70 $5,170
14. Dec 18 Buy George Apostolou Individual 05. Dec 18 05. Dec 18 500 $53.79 $26,895
12. Dec 18 Buy James Macchiarola Individual 10. Dec 18 10. Dec 18 1,500 $53.46 $80,185
12. Dec 18 Buy Andrew Graham Individual 10. Dec 18 10. Dec 18 100 $53.38 $5,332
28. Nov 18 Buy Pareshbhai Patel Individual 26. Nov 18 26. Nov 18 1,000 $52.91 $52,910
X
Management checks
We assess HCI Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. HCI Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0J22 News

Simply Wall St News

0J22 Company Info

Description

HCI Group, Inc. engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners insurance, flood insurance, and wind-only insurance to homeowners, condominium owners, and tenants, as well as offers reinsurance programs. The company also owns and operates one full-service restaurant, two marinas, three retail shopping centers, one office building, and one vacant shopping center for investment purposes. In addition, it designs and develops Web-based applications and products for mobile devices. The company was formerly known as Homeowners Choice, Inc. and changed its name to HCI Group, Inc. in May 2013. HCI Group, Inc. was founded in 2006 and is headquartered in Tampa, Florida.

Details
Name: HCI Group, Inc.
0J22
Exchange: LSE
Founded: 2006
$361,194,845
8,585,568
Website: http://www.hcigroup.com
Address: HCI Group, Inc.
5300 West Cypress Street,
Suite 100,
Tampa,
Florida, 33607,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HCI Common Stock New York Stock Exchange US USD 15. Sep 2008
DB 0H5 Common Stock Deutsche Boerse AG DE EUR 15. Sep 2008
LSE 0J22 Common Stock London Stock Exchange GB USD 15. Sep 2008
Number of employees
Current staff
Staff numbers
387
HCI Group employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 23:16
End of day share price update: 2019/04/10 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.