HCI Group (NYSE:HCI) Stock, Quote.Headers.trade-ideas

HCI Group

HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property & Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.

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CINF

PLMR

Cincinnati Financial Corporation&#39;s (NASDAQ: CINF) higher level of insured exposure, rate increase, agent-focused business model, consistent cash flow and a solid capital position make it worth retaining in one&#39;s portfolio.

Here&#39;s Why You Should Retain Cincinnati Financial Stock

Earnings Beats

AXIS Capital Holdings Limited (NYSE: AXS) is poised to gain from its compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position. These, along with solid growth projections, make the stock worth retaining.


Here&#39;s Why You Should Stay Invested in AXIS Capital

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market&#39;s attention and produce exceptional returns. But finding a great growth stock is not easy at all.

3 Reasons Growth Investors Will Love HCI Group

HCI Group Inc

HONGCHANG INTRNATIONAL CP by Hongchang International Co Ltd.

Hongchang International Co Ltd

HC Group Inc

HCI GROUP ORD

JMP Securities analyst Matthew Carletti maintains HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Market Outperform and raises the price target from $135 to $145.

Price Target

JMP Securities Maintains Market Outperform on HCI Group, Raises Price Target to $145

HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) reported quarterly earnings of $4.21 per share which beat the analyst consensus estimate of $3.48 by 20.98 percent. This is a 245.08 percent increase over earnings of $1.22 per share from the same period last year. The company reported quarterly sales of $206.254 million which beat the analyst consensus estimate of $197.346 million by 4.51 percent. This is a 61.99 percent increase over sales of $127.327 million the same period last year.

HCI Group Q2 2024 Adj. EPS $4.21 Beats $3.48 Estimate, Sales $206.254M Beat $197.346M Estimate

Cincinnati Financial Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cinf#NASDAQ">CINF</a>) higher level of insured exposure, rate increase, agent-focused business model, consistent cash flow and a solid capital position make it worth retaining in one&#39;s portfolio.
It has a solid history of delivering positive surprises in the last five quarters. Earnings of this Zacks Rank #3 (Hold) insurer grew 11.9% in the last five years, better than the industry average of 10.5%.
CINF has a VGM Score of B. The Zacks Consensus Estimate for 2025 earnings per share has moved 1 cent north in the past 30 days, reflecting analyst optimism.
Shares have gained 12.8% year to date, compared with the industry&#39;s increase of 13.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d8/70799.jpg?v=624595373" />
Image Source: Zacks Investment Research
<h3>Return on Equity</h3>
CINF has a return on equity (&quot;ROE&quot;) of 9.3%, better than the industry average of 7.8%. ROE measures how efficiently a company utilizes shareholders&#39; funds to generate profit.
<h3>Optimistic Growth Projection</h3>
The Zacks Consensus Estimate for 2024 earnings stands at $6.32 per share, suggesting an increase of 4.8% on 10.7% higher revenues of $9.8 billion. The consensus estimate for 2025 earnings per share stands at $6.99, suggesting an increase of 10.7% on 8.5% higher revenues of $10.7 billion.
The long-term earnings growth is expected to be 7.3%. We expect the 2026 bottom line to witness a three-year CAGR of 6.5%.
<h3>Business Tailwinds</h3>
Prudent pricing, an agent-centric model, a higher level of insured exposures and disciplined expansion of Cincinnati Re should benefit premiums, the primary driver of an insurer&#39;s top line. We expect 2026 net earned premiums to witness a three-year CAGR of 8.5%. CINF boasts above-average industry premium growth.
The Excess and Surplus line has been performing well since its inception in 2008. This segment should continue to benefit from new business written, higher renewal written premiums and higher average renewal estimated pricing. Technology and data are also being used to identify new exposures in emerging businesses.
Improving interest income from fixed-maturity securities and a decrease in equity portfolio dividends in an improved rate environment should drive net investment income.
Notably, its free cash flow conversion has remained more than 150% over the last many quarters, reflecting its solid earnings.
<h3>Risks</h3>
Despite the upside potential, there are a few factors that investors should keep an eye on.
Being a property and casualty insurer, CINF is exposed to catastrophe losses, inducing volatility in its underwriting profitability. Nonetheless, banking on prudent underwriting, CINF&#39;s solid track record of 34 years of favorable reserve development is appreciable. It also has a reinsurance program to limit insured loss.
CINF has been witnessing an increase in expenses over the past many years due to a rise in insurance loss and policyholder benefits as well as underwriting, acquisition and insurance expenses, resulting in margin contraction. We expect expenses to increase 10.3% in 2024. Net margin is expected to contract 292 basis points in the same year.
<h3>Impressive Dividend History</h3>
Banking on operational efficiency that ensures continuous cash flows, this insurer boasts increasing dividends for 64 straight years. Its dividend yield of 2.8% is better than the industry average of 0.3%, making the stock an attractive pick for yield-seeking investors.&nbsp; Given the board&#39;s positive outlook and confidence in outstanding capital, liquidity and financial flexibility, we expect the momentum to continue.
<h3>Stocks to Consider</h3>
Some top-ranked stocks from the insurance industry are HCI Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>), Palomar Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) and ProAssurance (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pra#NYSE">PRA</a>), each sporting a Zacks Rank #1 (Strong Buy).
HCI Group earnings surpassed estimates in each of the last four quarters, the average beat being 139.15%. In the past year, HCI has rallied 45.7%.
The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies 57.6% and 4.3% year-over-year growth, respectively.
Palomar&#39;s earnings surpassed estimates in each of the last four quarters, the average earnings surprise being 15.10%. In the past year, PLMR&#39;s stock has surged 45.5%.
The Zacks Consensus Estimate for PLMR&#39;s 2024 and 2025 earnings indicates 26% and 18% year-over-year growth, respectively.
ProAssurance earnings surpassed estimates in two of the last four quarters and missed in the other two. In the past year, PRA&#39;s stock has lost 28.1%.
The Zacks Consensus Estimate for PRA&#39;s 2024 and 2025 earnings suggests 371.4% and 72.6% year-over-year growth, respectively.
<a href="https://www.zacks.com/stock/news/2298723/here-s-why-you-should-retain-cincinnati-financial-cinf-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2298723">To read this article on Zacks.com click here.</a>

Here's Why You Should Retain Cincinnati Financial Stock

AXIS Capital Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) is poised to gain from its compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position. These, along with solid growth projections, make the stock worth retaining. 
This leading specialty insurer and global reinsurer, carrying a Zacks rank #3 (Hold), aiming for leadership in specialty risks, has a VGM Score of B. This helps to identify stocks with the most attractive value, growth and momentum.
<h3>An Outperformer</h3>
Shares of AXS have rallied 25.7% year to date, compared with the industry&#39;s increase of 14.9%, the Finance sector&#39;s rise of 3.8% and the Zacks S&amp;P 500 composite&#39;s rise of 15%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/95/69076.jpg?v=1050739775" /> 
Image Source: Zacks Investment Research
<h3>Return on Capital</h3>
AXS&#39;s trailing 12-month return on equity is 19.%, ahead of the industry average of 7.8%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders. 
Also, the return on invested capital&nbsp;in the trailing 12 months was 11.1%, better than the industry average of 5.9%. Its ROIC has been increasing over the last few quarters amid capital investment made over the same time frame. This reflects the company&#39;s efficiency in utilizing funds to generate income.
<h3>Northbound Estimates</h3>
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 1 cent north each in the past seven days, reflecting analyst optimism.
<h3>Optimistic Growth Projection</h3>
The Zacks Consensus Estimate for 2024 earnings is pegged at $10.11, indicating an increase of 2.6% on 4.8% higher revenues of $6 billion. The consensus estimate for 2025 earnings is pegged at $11.01, indicating an increase of 8.9% on 9.1% higher revenues of $6.5 billion. &nbsp; 
The expected long-term earnings growth rate is pegged at 27.1%, better than the industry average of 10.2%. We expect 2026 EPS to witness a three-year CAGR of 6.9%.
<h3>Growth Drivers</h3>
AXS&#39;s focus on investing in growth areas, including wholesale insurance and lower middle markets, should drive growth. Exiting the volatile catastrophe and property reinsurance space and reducing risk exposure while concentrating on accident and health, casualty, credit and surety, and specialty reinsurance lines should help AXIS Capital achieve its goal of being a leading specialty underwriter. 
While a diversified portfolio of global specialty business, leadership positions and growth opportunities across major business lines drives the Insurance segment, the Reinsurance business should benefit from strong cycle management that focuses on improving the business mix. 
AXIS Capital is also working with its distribution partners to use expanding digital capabilities to create new business growth in desirable smaller accounts.
<h3>Risks</h3>
Despite the upside potential, there are a few factors that investors should keep an eye on. AXIS Capital is highly exposed to losses resulting from natural disasters, man-made catastrophes and other catastrophic events, which induce volatility in its underwriting profitability. &nbsp; 
This apart, this insurer has been witnessing rising expenses over the last few years due to higher net losses and loss expenses, general and administrative expenses, higher acquisition costs and an increase in interest expense as well as financing costs, which are hurting margins.&nbsp; &nbsp;
<h3>Impressive Dividend History</h3>
Axis Capital has an impressive history of distributing wealth to shareholders via dividends and share buybacks. It hiked its dividend for 18 straight years. Its dividend yield is currently 2.5%, way above the industry average of 0.3%. The insurer boasts one of the highest dividend yields among its peers.
<h3>Stocks to Consider&nbsp;&nbsp; &nbsp;</h3>
Some top-ranked stocks from the insurance industry are HCI Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>), Palomar Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) and ProAssurance (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pra#NYSE">PRA</a>). Each stock presently sports a Zacks Rank #1 (Strong Buy). 
HCI Group&#39;s earnings surpassed estimates in each of the last four quarters, the average beat being 139.15%. In the past year, shares of HCI have gained 7.8%. 
The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies 57.6% and 4.3% year-over-year growth, respectively. 
Palomar&#39;s earnings surpassed estimates in each of the last four quarters, the average earnings surprise being 15.10%. In the past year, PLMR&#39;s stock has surged 45%. 
The Zacks Consensus Estimate for PLMR&#39;s 2024 and 2025 earnings indicates 26% and 18% year-over-year growth, respectively. 
ProAssurance earnings surpassed estimates in two of the last four quarters and missed in the other two. In the past year, PRA&#39;s stock has lost 9.1%. 
The Zacks Consensus Estimate for PRA&#39;s 2024 and 2025 earnings implies 371.4% and 72.6% year-over-year growth, respectively.
<a href="https://www.zacks.com/stock/news/2290001/here-s-why-you-should-stay-invested-in-axis-capital-axs?cid=CS-BENZ-FT-analyst_blog|rank_focused-2290001">To read this article on Zacks.com click here.</a>

Here's Why You Should Stay Invested in AXIS Capital

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market&#39;s attention and produce exceptional returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company&#39;s growth story is over or nearing its end, betting on it could lead to significant loss.
However, it&#39;s pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score, which looks beyond the traditional growth attributes to analyze a company&#39;s real growth prospects.
HCI Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this property and casualty insurance holding company a great growth pick right now.
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for HCI Group is 33.3%, investors should actually focus on the projected growth. The company&#39;s EPS is expected to grow 57.7% this year, crushing the industry average, which calls for EPS growth of 18.3%.
Impressive Asset Utilization Ratio
Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, HCI Group has an S/TA ratio of 0.35, which means that the company gets $0.35 in sales for each dollar in assets. Comparing this to the industry average of 0.34, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And HCI Group is well positioned from a sales growth perspective too. The company&#39;s sales are expected to grow 40.9% this year versus the industry average of 5%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for HCI Group. The Zacks Consensus Estimate for the current year has surged 13.1% over the past month.
Bottom Line
HCI Group has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
This combination indicates that HCI Group is a potential outperformer and a solid choice for growth investors.
<a href="https://www.zacks.com/stock/news/2279691/3-reasons-growth-investors-will-love-hci-group-hci?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_11_growth-2279691">To read this article on Zacks.com click here.</a>

JMP Securities analyst Matthew Carletti maintains HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Market Outperform and raises the price target from $120 to $135.

JMP Securities Maintains Market Outperform on HCI Group, Raises Price Target to $135

HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) reported quarterly earnings of $3.65 per share which beat the analyst consensus estimate of $2.80 by 30.36 percent. The company reported quarterly sales of $206.614 million which beat the analyst consensus estimate of $191.324 million by 7.99 percent. This is a 60.13 percent increase over sales of $129.029 million the same period last year.

HCI Group Q1 2024 Adj EPS $3.65 Beats $2.80 Estimate, Sales $206.614M Beat $191.324M Estimate

CORRECTION: HashiCorp Ticker Is 'HCP'

Management

HCI Group Announces Five-Year Employment Agreement With CEO Paresh Patel

The recent consumer price index (ETF:CPI) data revealed that U.S. inflation is running hotter than anticipated. Prices rose 0.4% in March over the previous month and 3.5% year over year, surpassing forecasts of 0.3% and 3.4%, respectively. The data confirmed concerns that inflation is stickier than expected and lowered expectations for imminent interest rate cuts by the Federal Reserve.
Market predictions for rate cuts in June have shifted significantly since the CPI release. The Fed is determined not to cut rates until it has &quot;gained greater confidence&quot; that inflation is headed back toward 2%. In addition, geopolitical unrest and rising energy costs pose risks that could further escalate inflation.
In this uncertain landscape, value investing is one of the most prudent strategies.This approach seeks to profit from investing in stocks that appear to be trading at a discount to their intrinsic values and eventually make handsome returns when the stock price rises toward that value, reflecting the actual fundamentals. Value stocks, which often provide steady dividend payouts, offer a degree of safety in uncertain market environments.
<h3>Using the Earnings Yield Metric</h3>
One interesting ratio that you can consider for ferreting out attractively valued stocks is earnings yield. This metric, expressed in percentage, is calculated as annual earnings per share (ETF:EPS) divided by market price. This metric measures the anticipated yield (or return) from earnings for each dollar invested in a stock today. While comparing stocks, if other factors are similar, the ones with higher earnings yield are considered undervalued, while those with lower earnings yield are seen as overpriced.
While earnings yield is nothing but the reciprocal of the P/E ratio, it is albeit a little more illuminating than the traditional P/E ratio as it also facilitates the comparison of stocks with fixed-income securities. Investors often compare the earnings yield of a stock to the prevailing interest rates, such as the current 10-year Treasury yield, to get a sense of the return on investment it offers compared to virtually risk-free returns.
If the yield on a stock is lower than the 10-year Treasury yield, it would be considered overvalued relative to bonds. Conversely, if the yield on the stock is higher, it would be considered undervalued. In this situation, investing in the stock market would be a better option for a value investor.
You can unlock your portfolio value by investing in high earnings yield stocks like&nbsp;StoneCo Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stne#NASDAQ">STNE</a>),&nbsp;HCI Group Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>),&nbsp;Seanergy Maritime Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ship#NASDAQ">SHIP</a>) and&nbsp;Pilgrim&#39;s Pride Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) to fetch handsome long-term rewards.
<h3>The Winning Strategy</h3>
We have set&nbsp; Earnings Yield greater than 10%&nbsp;as our primary screening criterion but it alone cannot be used for picking stocks that have the potential to generate solid returns. So, we have added the following parameters to the screen:
Estimated EPS growth for the next 12 months greater than or equal to the S&amp;P 500: This metric compares the 12-month forward EPS estimate with the 12-month actual EPS.
Average Daily Volume (20 Day) greater than or equal to 100,000: High trading volume implies that a stock has adequate liquidity.
Current Price greater than or equal to $5.
Buy-Rated Stocks: Stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have been known to outperform peers in any type of market environment.
<h3>Our Picks</h3>
Here we discuss four of the 26 stocks that qualified the screen:
StoneCo: Based in Brazil, this financial technology solutions provider offers an end-to-end cloud-based technology platform to conduct electronic commerce across in-store, online and mobile channels. The Zacks Consensus Estimate for STNE&#39;s 2024 and 2025 earnings implies year-over-year growth of 34% and 11.5%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 11 cents and 19 cents, respectively, over the past 30 days. StoneCo currently sports a Zacks Rank #1 and has a Value Score of B.&nbsp;
HCI Group: Headquartered in Florida, the company is engaged in diverse business activities, including property and casualty insurance, information technology, real estate and reinsurance. The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies year-over-year growth of 39% and 13%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 10 cents and 27 cents, respectively, over the past 30 days. HCI Group currently sports a Zacks Rank #1 and has a Value Score of B.&nbsp;
Seanergy: Headquartered in Greece, the company provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Its operating fleet consists of 17 vessels. The Zacks Consensus Estimate for SHIP&#39;s 2024 and 2025 earnings implies year-over-year growth of 103% and 27%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 59 cents and $1.05, respectively, over the past 30 days. Seanergy currently sports a Zacks Rank #1 and has a Value Score of A.&nbsp;
Pilgrim&#39;s Pride: Based in Colorado, Pilgrim&#39;s Pride&nbsp;is engaged in the processing, production, marketing and distribution of frozen, fresh as well as value-added chicken products.&nbsp;The Zacks Consensus Estimate for PPC&#39;s 2024 and 2025 earnings implies year-over-year growth of 78% and 2.7%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 4 cents each over the past seven days. Pilgrim&#39;s Pride currently sports a Zacks Rank #1 and has a Value Score of A.&nbsp;
You can get the rest of the stocks on this list by signing up now for a 2-week free trial to the Research Wizard stock picking and backtesting software. You can also create your own strategies and test them first before making investments.
The Research Wizard is a great place to begin. It&#39;s easy to use. Everything is in plain language. And it&#39;s very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Disclosure:&nbsp;Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2256549/4-high-earnings-yield-stocks-to-buy-amid-market-uncertainty?cid=CS-BENZ-FT-analyst_blog|rw-2256549">To read this article on Zacks.com click here.</a>

SHIP

STNE

4 High Earnings Yield Stocks to Buy Amid Market Uncertainty

Prudential Financial, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pru#NYSE">PRU</a>) shares have rallied 25.9% in a year compared with the industry&#39;s growth of 14.7%. The Finance sector and the Zacks S&amp;P 500 composite have risen 17.4% and 24.1%, respectively, in the same time frame.
With a market capitalization of $39.42 billion, the average volume of shares traded in the last three months was 1.56 million.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/be/64995.jpg?v=321114718" /> 
Image Source: Zacks Investment Research
The rally was largely driven by the growing pension risk transfer (PRT) market, higher emerging markets earnings, expanding distribution, product offerings, improved spread income, strategic acquisitions and a solid financial position. 
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 0.07% and 0.2% north, respectively, in the past seven days, reflecting analysts&#39; optimism on the stock.
<h3>Will the Bull Run Continue?</h3>
The Zacks Consensus Estimate for PRU&#39;s 2024 earnings per share indicates a year-over-year increase of 15.3% from the consensus estimate of 2023. The consensus estimate for revenues is pegged at $55.57 billion, implying a year-over-year improvement of 9.1% from the consensus mark of 2023. 
The consensus estimate for 2025 earnings per share indicates a year-over-year increase of 8.3% from the consensus estimate of 2024. The consensus estimate for 2025 revenues is pinned at $57.19 billion, implying a year-over-year improvement of 2.9% from the consensus mark of 2024. 
In 2023, Prudential Financial&#39;s return on equity of 16% expanded 120 basis points year over year. This shows the company&#39;s efficiency in managing shareholders&#39; funds. 
This Zacks Rank #3 (Hold) multi-line insurer&#39;s International businesses are expected to gain from higher emerging markets earnings, a favorable impact from annual assumption update and other refinements. It aims at providing high-quality service and expanding distribution and product offerings via a differentiated multi-channel distribution model as well as other businesses. 
The U.S. businesses should continue to gain from a favorable and comparable impact from annual assumption update, higher spread income and more favorable underwriting. 
Prudential Financial has been a leader in the PRT market, helping companies reduce risks related to pension liabilities, such as interest rate risk, earnings volatility and participant longevity. PRU recently announced that it has been selected for a PRT transaction from Verizon Communications Inc. This move bodes well for the insurer&#39;s Retirement Strategies business, whose market is expected to grow over time. 
The multi-line insurer continues to invest in partnerships that enable it to grow in emerging markets. PRU undertakes several strategic initiatives, which poise it well for long-term growth. It continues to invest in the long-term sustainable growth of the business through programmatic acquisitions and partnerships in emerging markets to build scale and complement businesses in support of long-term growth. 
Prudential Financial boasts a sturdy balance sheet strength that includes highly liquid assets of $4.5 billion as of Dec 31, 2023 and a capital position that continues to support an AA financial strength rating. The company continues to balance investments in the growth of businesses with returning capital to shareholders. 
The multi-line insurer has been increasing its dividend for the past 15 years. Its dividend yield of 4.7% compares favorably with the industry&#39;s figure of 2.6%. In the first quarter of 2024, the board also authorized a 4% dividend increase, which represents the 16th consecutive annual dividend increase.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the insurance industry are HCI Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>), Palomar Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) and Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>), each sporting a Zacks Rank #1 (Strong Buy) at present. 
HCI Group has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 522.51%. In the past year, shares of HCI have surged 114.4%. 
The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies year-over-year growth of 37.9% and 11.6%, respectively, from the consensus estimate of the corresponding years. 
Palomar Holdings has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 11.12%. In the past year, shares of PLMR have soared 38.6%. 
The Zacks Consensus Estimate for PLMR&#39;s 2024 and 2025 earnings implies year-over-year growth of 16.2% and 18%, respectively, from the consensus estimate of the corresponding years. 
Mercury General has a solid track record of beating earnings estimates in three of the trailing four quarters and missed in one, the average being 3,417.48%. In the past year, shares of MCY have rallied 68.4%. 
The Zacks Consensus Estimate for MCY&#39;s 2024 and 2025 earnings implies year-over-year growth of 866.67% and 34.48%, respectively, from the consensus estimate of the corresponding years.
<a href="https://www.zacks.com/stock/news/2255026/prudential-financial-pru-up-25-9-in-a-year-more-room-to-run?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2255026">To read this article on Zacks.com click here.</a>

Prudential Financial Up 25.9% in a Year: More Room to Run?

JMP Securities analyst Matthew Carletti reiterates HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Market Outperform and maintains $120 price target.

Reiteration

JMP Securities Reiterates Market Outperform on HCI Group, Maintains $120 Price Target

Although U.S. stocks closed lower on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>HCI Group </h3>
<ul>
<li>The Trade: HCI Group Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>) CEO Paresh Patel <a href="https://www.benzinga.com/quote/HCI/analyst-ratings"> acquired a total of 1,000 shares </a> an average price of $114.90. To acquire these shares, it cost around $114,900.</li>
<li>What&rsquo;s Happening: Oppenheimer analyst Michael Phillips maintained HCI Group with an Outperform and maintained a $140 price target.</li>
<li>What HCI Group Does: HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property &amp; Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap).</li>
</ul>
<h3>America&#39;s Car-Mart </h3>
<ul>
<li>The Trade: America&#39;s Car-Mart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crmt#NASDAQ">CRMT</a>) President and CEO Douglas W.. Campbell Jr acquired a total of 3,229 shares at an average price of</li>
<li>$61.62. To acquire these shares, it cost around $198,985.</li>
<li>What&rsquo;s Happening: On April 10, B of A Securities analyst John Murphy maintained America&#39;s Car-Mart with an Underperform and lowered the price target from $55 to $50.</li>
<li>What America&#39;s Car-Mart Does: America&#39;s Car-Mart Inc is an automotive retailer in us focused exclusively on the Integrated Auto Sales and Finance segment of the used car market.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Entrada Therapeutics </h3>
<ul>
<li>The Trade: Entrada Therapeutics Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trda#NASDAQ">TRDA</a>) Director Peter S Kim <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 2,600 shares </a> at an average price of $13.57. To acquire these shares, it cost around $35,290.</li>
<li>What&rsquo;s Happening: On March 13, Entrada Therapeutics posted upbeat quarterly sales.</li>
<li>What Entrada Therapeutics Does: Entrada Therapeutics Inc clinical-stage biopharmaceutical company aiming to transform the lives of patients by establishing a new class of medicines that engage intracellular targets that have long been considered inaccessible.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38176505/jim-cramer-says-wesco-international-is-a-buy-recommends-buying-this-stock-under-20"> Jim Cramer Says WESCO International Is A Buy, Recommends Buying This Stock Under $20 </a>

Long Ideas

Insider Trades

Pre-Market Outlook

CRMT

TRDA

Insiders Buying America's Car-Mart And 2 Other Stocks

Across the recent three months, 6 analysts have shared their insights on HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for HCI Group, revealing an average target of $127.67, a high estimate of $140.00, and a low estimate of $112.00. Surpassing the previous average price target of $109.60, the current average has increased by 16.49%.
<img src="https://www.benzinga.com/files/images/story/2024/1712347231_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of HCI Group by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Phillips</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Casey Alexander</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$124.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$130.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$112.00</td>
<td>$96.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to HCI Group. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of HCI Group compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of HCI Group's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into HCI Group's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on HCI Group analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering HCI Group: A Closer Look</h2>
HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property &amp; Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.
<h3>HCI Group: Financial Performance Dissected</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, HCI Group showcased positive performance, achieving a revenue growth rate of 40.31% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: HCI Group's net margin is impressive, surpassing industry averages. With a net margin of 22.66%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): HCI Group's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.05% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): HCI Group's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.09% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: HCI Group's debt-to-equity ratio surpasses industry norms, standing at 0.65. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying HCI Group: Insights From 6 Analyst Reviews

Oppenheimer analyst Michael Phillips maintains HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Outperform and maintains $140 price target.

Oppenheimer Maintains Outperform on HCI Group, Maintains $140 Price Target

Oppenheimer analyst Michael Phillips reiterates HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Outperform and maintains $140 price target.

Oppenheimer Reiterates Outperform on HCI Group, Maintains $140 Price Target

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares rose 3.32% to $3.94 during Thursday's regular session. Kingstone Companies's stock is trading at a volume of 23.7K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $41.7 million. </li>
<li>Tian Ruixiang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) stock increased by 2.49% to $0.55. As of 13:40 EST, Tian Ruixiang Holdings's stock is trading at a volume of 26.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.7 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares moved upwards by 1.92% to $0.37. Trading volume for this security as of 13:40 EST is 34.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.8 million. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) stock rose 1.49% to $8.14. The current volume of 100.6K shares is 0% of Crawford's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at 400342090. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) shares increased by 1.02% to $7.89. Trading volume for this security as of 13:40 EST is 6.1K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at 388046571. </li>
<li>Kingsway Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFS#NYSE">KFS</a>) stock increased by 0.82% to $8.6. Kingsway Financial Servs's stock is trading at a volume of 2.6K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $239.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares decreased by 6.03% to $17.71 during Thursday's regular session. Trading volume for this security as of 13:40 EST is 87.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $458.2 million. </li>
<li>Hamilton Insurance Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HG#NYSE">HG</a>) shares declined by 5.45% to $13.29. As of 13:40 EST, Hamilton Insurance Group's stock is trading at a volume of 178.6K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.5 billion. </li>
<li>James River Gr Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRVR#NASDAQ">JRVR</a>) shares decreased by 5.32% to $6.41. The current volume of 488.2K shares is 0% of James River Gr Hldgs's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $259.1 million. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares decreased by 4.24% to $16.5. Trading volume for Lemonade's stock is 909.4K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.2 billion. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) stock declined by 4.23% to $1.36. Maiden Hldgs's stock is trading at a volume of 60.2K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $142.6 million. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) shares declined by 3.76% to $110.5. Trading volume for this security as of 13:40 EST is 90.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.1 billion. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

HIPO

JRVR

KINS

LMND

MHLD

RELI

TIRX

Insurance Stocks Moving In Thursday's Intraday Session

HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for HCI Group, presenting an average target of $121.5, a high estimate of $130.00, and a low estimate of $112.00. Witnessing a positive shift, the current average has risen by 19.12% from the previous average price target of $102.00.
<img src="https://www.benzinga.com/files/images/story/2024/1710342071_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of HCI Group's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Casey Alexander</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$124.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$130.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$112.00</td>
<td>$96.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to HCI Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of HCI Group compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for HCI Group's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into HCI Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on HCI Group analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering HCI Group: A Closer Look</h2>
HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property &amp; Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.
<h3>HCI Group: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, HCI Group showcased positive performance, achieving a revenue growth rate of 40.31% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: HCI Group's net margin is impressive, surpassing industry averages. With a net margin of 22.66%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): HCI Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 14.05%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): HCI Group's ROA excels beyond industry benchmarks, reaching 2.09%. This signifies efficient management of assets and strong financial health.
Debt Management: HCI Group's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.65, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down HCI Group: 4 Analysts Share Their Views

Compass Point analyst Casey Alexander maintains HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Buy and raises the price target from $90 to $124.

Compass Point Maintains Buy on HCI Group, Raises Price Target to $124

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares rose 15.85% to $0.76 during Tuesday's regular session. Huize Holding's stock is trading at a volume of 86.0K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $33.2 million. </li>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock rose 12.27% to $2.2. As of 13:40 EST, Marpai's stock is trading at a volume of 639.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $20.6 million. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) stock increased by 7.11% to $21.0. Trading volume for this security as of 13:40 EST is 223.0K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $567.7 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock rose 5.1% to $5.79. Trading volume for Fanhua's stock is 159.2K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $339.8 million. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares moved upwards by 4.9% to $3.9. Trading volume for this security as of 13:40 EST is 21.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $41.7 million. </li>
<li>American Coastal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) shares rose 3.76% to $10.48. Trading volume for this security as of 13:40 EST is 252.1K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $467.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares fell 3.46% to $16.79 during Tuesday's regular session. As of 13:40 EST, Lemonade's stock is trading at a volume of 1.1 million, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares decreased by 2.51% to $17.93. Trading volume for Hippo Holdings's stock is 39.0K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $447.0 million. As per the press release, Q4 earnings came out 4 days ago. </li>
<li>HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) shares fell 1.87% to $110.49. As of 13:40 EST, HCI Group's stock is trading at a volume of 113.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. As per the news, the Q4 earnings report came out 3 days ago. </li>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares decreased by 1.86% to $41.86. As of 13:40 EST, Root's stock is trading at a volume of 515.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $625.7 million. </li>
<li>United Fire Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFCS#NASDAQ">UFCS</a>) shares fell 1.82% to $22.16. The current volume of 20.0K shares is 0% of United Fire Gr's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $570.5 million. </li>
<li>ProAssurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) stock decreased by 1.76% to $12.05. Trading volume for this security as of 13:40 EST is 61.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $625.4 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ACIC

FANH

HUIZ

MRAI

ROOT

UFCS

Insurance Stocks Moving In Tuesday's Intraday Session

HCI Group declares $0.40 dividend

The insurance market looks set for strong growth with new strategies, rising demand, enhanced risk assessment, and innovations. Given this backdrop, investors might consider buying robust insurance stocks Hagerty (HGTY) and HCI Group (HCI), both expected to deliver promising Q2 earnings. Keep reading... The insurance market shows promise due to rising prices, increased capacity, and innovative strategies in auto, homeowners', and renters' insurance. Key trends include increased demand, climate change impacts, and AI technology, making it a good investment now. In addition, regulatory demands are spurring innovation and keeping the market stable.
Hence, investors might consider buying fundamentally strong insurance stocks such as Hagerty, Inc. (<a href="https://stocknews.com/stock/HGTY/">HGTY</a>) and HCI Group, Inc. (<a href="https://stocknews.com/stock/HCI/">HCI</a>) with promising Q2 earnings expectations.
Despite GDP growth slowing to around <a href="https://www.conference-board.org/research/us-forecast">1.4 percent</a> quarterly annualized in Q1 2024, the U.S. economy is expected to pick up later in the year as inflation subsides and the Fed signals rate cuts. This boost in economic activity and consumer confidence will benefit businesses. Concurrently, the insurance market is expanding, driven by rising demand from emerging economies.
Furthermore, the property and casualty insurance market is thriving due to strong premium growth, easing claims cost inflation, and higher investment returns. The U.S. economy shows promise with strong business investment and recovery from temporary issues. Hence, the property and casualty insurance market is expected to grow from $2 trillion in 2024 to $3.79 trillion by 2032, with an <a href="https://www.polarismarketresearch.com/industry-analysis/property-and-casualty-insurance-market">8.3% CAGR</a>.
Considering this favorable backdrop, let's assess the fundamentals of the two <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> picks, starting with the second choice.
Stock #2: Hagerty, Inc. (<a href="https://stocknews.com/stock/HGTY/">HGTY</a>)
HGTY provides insurance agency services worldwide, offering motor vehicle and boat insurance products, as well as reinsurance products. The company also operates Hagerty Media, which publishes content through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels. HDC offers subscription-based products and services.
In terms of the trailing-12-month Return on Total Assets, HGTY's 1.10% is 2.5% higher than the 1.07% industry average. Likewise, its 0.73x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 243.2% higher than the 0.21x industry average. In addition, its 19.01% trailing-12-month Return on Common Equity is 79.1% higher than the 10.61% industry average.
HGTY's total revenue for the first quarter that ended March 31, 2024, increased 24.4% year-over-year to $271.71 million. Similarly, the company's adjusted EBITDA rose 307.6% year-over-year to $27.33 million.
For the same quarter, its adjusted consolidated net income and adjusted EPS came in at $14.34 million and $0.04 per share, respectively, compared to an adjusted consolidated net loss and adjusted loss per share of $14.51 million and $0.04.
For the full year 2024, HGTY expects total revenue between $1.15 billion and $1.17 billion, reflecting growth of 15% to 17%. Its net income is projected to range from $61 million to $70 million, with growth of 116% to 148%. Moreover, the company's adjusted EBITDA is expected to be between $124 million and $135 million, showing growth of 41% to 53%.
Analysts expect HGTY's revenue for the quarter ended June 30, 2024, to increase 17.6% year-over-year to $307.19 million. Its EPS for the same quarter is expected to increase 60% year-over-year to $0.08. It surpassed the consensus EPS estimates in each of the trailing four quarters. HGTY's stock has gained 40.6% year-to-date to close the last trading session at $10.97.
HGTY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #25 out of 56 stocks in the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry. It has an A grade for Growth and Momentum. To see HGTY's Value, Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/HGTY/">click here</a>.
Stock #1: HCI Group, Inc. (<a href="https://stocknews.com/stock/HCI/">HCI</a>)
HCI and its subsidiaries engage in property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. The company provides residential insurance products including homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants, and offers reinsurance programs.
In terms of the trailing-12-month Return on Total Capital, HCI's 20.76% is 200.2% higher than the 6.92% industry average. Similarly, its 6.04% trailing-12-month Return on Total Assets is 462.3% higher than the industry average of 1.07%. Also, its 29.19% trailing-12-month EBIT margin is 23.6% higher than the industry average of 23.63%.
HCI's total revenues for the fiscal first quarter ended March 31, 2024, amounted to $206.62 million, up 60.1% year-over-year. Its non-GAAP adjusted net income rose 216% over the previous year's quarter to $54.98 million. In addition, its adjusted net income per share increased 143.3% year-over-year to $3.65. Additionally, HCI's total gross premiums earned rose 42.5% year-over-year to $256.64 million.
Street expects HCI's EPS for the quarter ended June 30, 2024, to increase 194.3% year-over-year to $3.59. Its revenue for the same quarter is expected to increase 56.4% year-over-year to $199.12 million. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past nine months, the stock has gained 53.9% to close the last trading session at $89.01.
HCI's POWR Ratings reflect its positive outlook. Within the Insurance - Property &amp; Casualty industry, it is ranked #21 out of 56 stocks. It has an A grade for Momentum and a B for Growth and Quality. <a href="https://stocknews.com/stock/HCI/">Click here</a> to see HCI's Value, Stability, and Sentiment ratings.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
HGTY shares were trading at $11.02 per share on Monday afternoon, up $0.05 (+0.46%). Year-to-date, HGTY has gained 41.28%, versus a 18.78% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/hgty-hci-2-insurance-stocks-with-promising-q2-earnings-expectations/>2 Insurance Stocks With Promising Q2 Earnings Expectations</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

2 Insurance Stocks With Promising Q2 Earnings Expectations

As uncertainties rise, the insurance industry offers a shield of reliability. With economic recovery on the horizon and increasing demand for financial security, insurance stocks are poised for growth. Therefore, it could be wise to add fundamentally strong insurance stocks, such as Progressive Corp. (PGR), HCI Group (HCI), and Universal Insurance (UVE), which have resilient underwriting and profitability. Keep reading… In today's unpredictable world, having insurance is more crucial than ever. With the insurance industry poised for growth amid a volatile macroeconomic environment, investors could be wise to scoop up the shares of quality insurance stocks such as The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>), HCI Group, Inc. (<a href="https://stocknews.com/stock/HCI/">HCI</a>), and Universal Insurance Holdings, Inc. (<a href="https://stocknews.com/stock/UVE/">UVE</a>).
Even though GDP growth <a href="https://www.marketwatch.com/story/first-quarter-gdp-grew-a-soft-1-4-but-the-economy-might-have-more-spring-in-its-step-8d5548f9">slowed to around 1.4%</a> annually in the first quarter of 2024, there's hope on the horizon. As inflation cools and the Fed hints at possible rate cuts, the U.S. economy is expected to pick up later this year. This uptick will boost economic activity and consumer confidence, benefiting businesses, especially those in the insurance sector. Plus, the insurance market is on the rise, driven by growing demand from emerging economies.
Insurance isn't just a safety net; it's a staple. Conservative investors love insurance stocks because they tend to perform steadily regardless of economic cycles, and the demand for insurance products is almost inelastic.
When we talk about property and casualty insurance, we're looking at a broad category that includes homeowners' insurance, renters' insurance, auto insurance, and more. This sector is set for significant growth, fueled by greater awareness of insurance benefits and better risk prediction tools.
With the U.S. economy showing resilience through solid business investment and overcoming temporary challenges, this market is expected to grow from $2 trillion in 2024 to <a href="https://www.polarismarketresearch.com/industry-analysis/property-and-casualty-insurance-market">$3.79 trillion by 2032</a>, achieving an 8.3% CAGR.
Moreover, investors' interest in insurance stocks is evident from SPDR S&amp;P Insurance ETF's (<a href="https://stocknews.com/stock/KIE/">KIE</a>) 26.8% returns over the past year.
Considering this favorable industry backdrop, let's evaluate the three <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> picks, beginning with the third choice.
Stock #3: HCI Group, Inc. (<a href="https://stocknews.com/stock/HCI/">HCI</a>)
In Florida, HCI engages in property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses. It offers residential insurance products, including homeowners, fire, flood, and wind-only insurance, to homeowners, condominium owners, and tenants and provides reinsurance programs.
On July 8, 2024, HCI's Board of Directors declared a regular quarterly dividend of $0.40 per common share. The dividend is scheduled to be paid on September 20, 2024, to shareholders of record at the close of business on August 16, 2024. In addition, HCI pays an annual dividend of $1.60 per share, which translates to a yield of 1.78% on the current share price. Its four-year average yield is 2.51%.
In terms of the trailing-12-month EBITDA margin, HCI's 30.11% is 30.3% higher than the 23.10% industry average. Similarly, its 40.76% trailing-12-month levered FCF margin is 133.6% higher than the industry average of 17.45%. Also, its trailing-12-month ROTA of 6.04% compares to the industry average of 1.07%.
HCI's total revenues for the fiscal first quarter ended March 31, 2024, and increased by 60.1% year-over-year to $206.61 million. Its net premiums earned rose 72.1% from the year-ago value to $188.54 million. The company's non-GAAP adjusted <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> improved 216% over the prior year's quarter to $54.98 million, while its adjusted net income per share stood at $3.65, up 143.3% year-over-year.
The consensus revenue estimate of $197.34 million for the fiscal second quarter (ended June 2024) represents a 54.9% increase year-over-year. The consensus EPS estimate of $3.56 for the about-to-be-reported quarter indicates a 191.4% improvement year-over-year. The company has an excellent earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
Shares of HCI have surged 53% over the past year to close the last trading session at $90.08.
HCI's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
HCI has an A grade for Momentum and a B for Growth and Quality. It is ranked #20 out of 56 stocks in the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry. <a href="https://stocknews.com/stock/HCI/">Click here</a> to see HCI's Value, Stability, and Sentiment ratings.
Stock #2: The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>)
PGR is an insurance holding company that offers personal and commercial auto, personal residential and commercial property, business-related general liability, and other specialty property-casualty insurance products. The company operates in three segments: Personal Lines; Commercial Lines; and Property.
In January, PGR's Progressive Insurance&#xAE;, a prominent Commercial Auto insurer in the U.S., was renamed Progressive Fleet &amp; Specialty Programs (Progressive Fleet), aiming to benefit agents and customers with a nationally recognized brand.
The new name highlights the integration of businesses and captures Progressive's enhanced capabilities in large fleet transportation and niche insurance programs tailored for the transportation and delivery sectors.
PGR's trailing-12-month levered FCF margin of 19.73% is 13.1% higher than the industry average of 17.45%. In addition, its trailing-12-month ROCE and ROTA of 30.06% and 6.15% compare favorably with their respective industry averages of 10.61% and 1.07%.
For the first quarter that ended March 31, 2024, PGR's net premiums earned increased 19.3% year-over-year to $16.15 billion. Its total revenues grew 20.3% from the prior year's quarter to $17.24 billion. The company's net income came in at $2.33 billion, or $3.94 per common share, up 417.8% and 425.3% year-over-year, respectively.
Street expects PGR's revenue for the second quarter (ended June 2024) to increase 18.7% year-over-year to $17.46 billion. The consensus EPS estimate of $2.01 for the to-be-reported quarter indicates a 382.8% year-over-year improvement. Moreover, the company surpassed consensus EPS estimates in three of the trailing four quarters.
PGR's stock has gained 40.1% over the past nine months and 85.9% over the past year to close the last trading session at $217.10.
PGR's POWR Ratings reflect this robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has an A grade for Momentum and a B for Growth and Quality. Within the same industry, it is ranked #11 out of 56 stocks. <a href="https://stocknews.com/stock/PGR/">Click here</a> to see additional ratings of PGR for Value, Stability, and Sentiment.
Stock #1: Universal Insurance Holdings, Inc. (<a href="https://stocknews.com/stock/UVE/">UVE</a>)
UVE operates as an integrated insurance holding company. The company develops, markets, and underwrites insurance products for personal residential insurance, including homeowners, condo unit owners, and renters/tenants, and provides allied lines, coverage for other structures, personal property, liability, and personal articles coverages.
UVE's trailing-12-month levered FCF margin of 31.18% is 78.7% higher than the industry average of 17.45%. Similarly, its trailing-12-month ROCE and ROTC of 22.23% and 14.14% are 109.4% and 104.3% higher than their respective industry averages of 10.61% and 6.92%.
In the first quarter that ended March 31, 2024, UVE's total revenues increased 16.3% year-over-year to $367.96 million. Its adjusted operating income came in at $46.08 million, reflecting a 34.5% improvement from the year-ago period.
The company's adjusted net income available to common stockholders stood at $31.37 million, up 30.5% year-over-year, while its adjusted EPS for the quarter rose 35.4% from the year-ago value to $1.07. In addition, UVE's net premiums earned increased 18.4% year-over-year to $334.03 million.
Analysts expect UVE's EPS to increase 32.2% year-over-year to $1.15 for the quarter ended June 2024. The company's revenue for the same period is expected to grow marginally from the previous year to $340.09 million. Moreover, it topped the consensus EPS and revenue estimates in each of the trailing four quarters, which is excellent.
Over the past nine months, the stock has gained 40.9%, closing the last trading session at $19.19.
It's no surprise that UVE has an overall rating of A, which equates to Strong Buy in our proprietary rating system. It has an A grade for Momentum and a B for Growth, Value, and Quality. Out of 56 stocks in the same A-rated industry, it is ranked first.
In addition to the POWR Ratings we've stated above, we have also rated UVE for Stability and Sentiment. Get all UVE ratings <a href="https://stocknews.com/stock/UVE/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
PGR shares were trading at $213.62 per share on Tuesday morning, down $3.48 (-1.60%). Year-to-date, PGR has gained 34.92%, versus a 19.29% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/pgr-hci-uve-3-insurance-stocks-with-resilient-underwriting-and-profitability/>3 Insurance Stocks With Resilient Underwriting and Profitability</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Insurance Stocks With Resilient Underwriting and Profitability

HCI Group Non-GAAP EPS of $4.21 beats by $0.67, revenue of $206.25M beats by $8.91M

HCI Group, Inc. (HCI) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
HCI Group (NYSE:<a href="https://investorplace.com/stock-quotes/hci-stock-quote/">HCI</a>) just reported results for the second quarter of 2024.<ul><li>HCI Group reported earnings per share of $4.21. This was above the analyst estimate for EPS of $3.51.</li><li>The company reported revenue of $206.25 million.</li><li>This was 3.58% better than the analyst estimate for revenue of $199.12 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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HCI Stock Earnings: HCI Group Beats EPS, Beats Revenue for Q2 2024

In a report released today, Matthew Carletti from JMP Securities reiterated a Buy rating on HCI Group (HCI – Research Report), with a price target ...

JMP Securities Sticks to Its Buy Rating for HCI Group (HCI)

There's a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on HCI Group (HCI – Research Report), Credicorp (BAP – R...

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HCI Group (HCI) Forecast

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