HCC Stock To Go Ex-dividend Tomorrow (HCC)

NEW YORK ( TheStreet) -- The ex-dividend date for HCC Insurance Holdings (NYSE: HCC) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $30.38 as of 10 a.m. ET, the dividend yield is 2%.

The average volume for HCC has been 475,600 shares per day over the past 30 days. HCC has a market cap of $3.06 billion and is part of the financial sector and insurance industry. Shares are up 9.8% year to date as of the close of trading on Tuesday.

HCC Insurance Holdings, Inc. underwrites non-correlated specialty insurance products worldwide. The company operates in five segments: U.S. Property & Casualty, Professional Liability, Accident & Health, U.S. Surety & Credit, and International. The U.S. The company has a P/E ratio of 11.3, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates HCC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full HCC Ratings Report.

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