HCI shares climb 10% on earnings beat

HCI Group led a mini-bounce in Florida stocks after the
company's earnings beat received a positive response from
analysts, despite underwriting challenges in the state.
Although the homeowners' writer reported a 105 percent
combined ratio for the fourth quarter, operating earnings per share
of $0.19 were significantly better than the Wall Street consensus
forecast of a $0.17 loss.
The carrier's shares jumped 10.4 percent to close at
$47.61.
Shares in Universal ended trading 4.4 percent higher a