Overview

• US insurance and real estate firm's Q1 net income and diluted EPS rose yr/yr

• Gross premiums earned increased, driven by higher volume of insurance policies in force

• Company repurchased $17.5 mln in shares under new buyback program in Q1

Outlook

• Company did not provide specific guidance for the current qtr or full yr

Result Drivers

• HIGHER POLICY VOLUME - Gross premiums earned rose due to a higher volume of insurance policies in force

• INVESTMENT INCOME - Net investment income increased, driven by growth in invested assets

• WEATHER LOSSES - Losses and loss adjustment expenses increased due to higher policy volume and some weather in the Northeast

Company press release: ID:nGNX3D6Bh6

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 EPS		$5.45
Q1 Net Income		$85 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the property & casualty insurance peer group is "buy"

• Wall Street's median 12-month price target for Hci Group Inc is $235.00, about 51.8% above its May 5 closing price of $154.78

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

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