Q1 Earnings Outperformers: HCI Group And The Rest Of The Property & Casualty Insurance Stocks

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

The 32 property and casualty insurance stocks tracked reported mixed first-quarter results, with revenues beating analysts' consensus estimates by 1.9%. HCI Group reported revenues of $242.9 million, up 12.2% year on year, falling short of expectations by 1.1% but still delivering a strong quarter with beats on book value per share and net premiums earned. Stewart Information Services was the best performer, with revenues of $781.3 million, up 27.7% year on year and beating estimates by 4.6%, while Fidelity National Financial was the weakest, reporting revenues of $3.23 billion, up 18.2% year on year but missing estimates by 10.7%. Mercury General and Bowhead Specialty also posted strong results, with revenue beats of 5.4% and 5.5% respectively. Share prices of the group have been resilient, up 7.5% on average since the latest earnings results.

Impact on stocks 5

Financials± Mixed · 5 stocks
HCI Group Inc
HCI
± MixedCapitalrelevance

HCI Group reported Q1 revenues up 12.2% but missed estimates by 1.1%; however, it beat on book value per share and net premiums earned.