HCI Group, Inc. (NYSE:HCI) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $52.00.

A number of research firms have recently issued reports on HCI. BidaskClub lowered HCI Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered HCI Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet raised HCI Group from a “c” rating to a “b-” rating in a report on Thursday, May 4th. ValuEngine raised HCI Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of HCI Group in a report on Monday, May 15th.

HCI Group (NYSE:HCI) traded down 3.52% during trading on Wednesday, hitting $39.17. 123,166 shares of the company were exchanged. The firm’s 50 day moving average price is $43.46 and its 200-day moving average price is $45.27. The stock has a market capitalization of $391.15 million, a PE ratio of 10.78 and a beta of 2.36. HCI Group has a 1-year low of $24.35 and a 1-year high of $50.93.

HCI Group (NYSE:HCI) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The business had revenue of $67.58 million for the quarter, compared to analyst estimates of $64.33 million. HCI Group had a return on equity of 15.65% and a net margin of 13.52%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities analysts predict that HCI Group will post $3.40 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, August 16th. HCI Group’s payout ratio is currently 38.36%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. raised its position in shares of HCI Group by 1.0% in the second quarter. Capstone Asset Management Co. now owns 4,926 shares of the insurance provider’s stock worth $231,000 after buying an additional 50 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of HCI Group by 3.3% in the second quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock worth $233,000 after buying an additional 160 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of HCI Group by 2.8% in the first quarter. Nationwide Fund Advisors now owns 6,609 shares of the insurance provider’s stock worth $301,000 after buying an additional 181 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in shares of HCI Group by 1.2% in the second quarter. Virginia Retirement Systems ET AL now owns 17,300 shares of the insurance provider’s stock worth $813,000 after buying an additional 200 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of HCI Group by 1.6% in the first quarter. Legal & General Group Plc now owns 14,147 shares of the insurance provider’s stock worth $644,000 after buying an additional 221 shares in the last quarter. 71.42% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Company Profile

HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.

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