01:33 PM EST, 03/08/2024 (MT Newswires) -- (Updates with share price movement in the headline and first paragraph)

HCI Group ( HCI ) shares rose 15% in recent trading Friday, a day after the company reported Q4 results that topped estimates by analysts.

Q4 adjusted earnings jumped to $3.22 per diluted share from $0.06 a year earlier, the company said Thursday.

Four analysts surveyed by Capital IQ expected $1.42.

Revenue in the quarter ended Dec. 31 rose to $162.7 million from $119.9 million a year earlier.

Four analysts surveyed by Capital IQ expected $140.5 million.

William Blair upgraded HCI Group ( HCI ) to outperform from market perform.

Price: 114.55, Change: +15.33, Percent Change: +15.46