HCI Group, Inc. (HCI) Lifted to “Strong-Buy” at ValuEngine
ValuEngine upgraded shares of HCI Group, Inc. (NYSE:HCI) from a buy rating to a strong-buy rating in a report released on Friday morning.
Several other research firms have also weighed in on HCI. SunTrust Banks, Inc. began coverage on shares of HCI Group in a report on Tuesday, July 4th. They set a buy rating and a $52.00 target price on the stock. Zacks Investment Research lowered shares of HCI Group from a buy rating to a hold rating in a report on Thursday, July 6th. TheStreet upgraded shares of HCI Group from a c rating to a b- rating in a report on Thursday, May 4th. Keefe, Bruyette & Woods restated a hold rating on shares of HCI Group in a report on Monday, May 15th. Finally, BidaskClub lowered shares of HCI Group from a hold rating to a sell rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. HCI Group currently has a consensus rating of Hold and a consensus price target of $47.67.
HCI Group (NYSE:HCI) traded down 0.80% during mid-day trading on Friday, hitting $38.68. The stock had a trading volume of 59,908 shares. The company has a market cap of $386.26 million, a price-to-earnings ratio of 10.65 and a beta of 2.37. The company has a 50 day moving average price of $42.50 and a 200-day moving average price of $45.12. HCI Group has a one year low of $24.35 and a one year high of $50.93.
HCI Group (NYSE:HCI) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ 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 net margin of 13.52% and a return on equity of 15.65%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. Equities analysts expect that HCI Group will post $3.40 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.62%. HCI Group’s payout ratio is 38.36%.
A number of institutional investors have recently added to or reduced their stakes in the stock. City Financial Investment Co Ltd purchased a new stake in HCI Group during the 1st quarter worth $1,734,000. Dimensional Fund Advisors LP increased its stake in HCI Group by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 811,355 shares of the insurance provider’s stock worth $38,118,000 after buying an additional 54,250 shares during the period. Vanguard Group Inc. increased its stake in HCI Group by 10.7% during the 2nd quarter. Vanguard Group Inc. now owns 608,144 shares of the insurance provider’s stock worth $28,571,000 after buying an additional 58,766 shares during the period. LSV Asset Management increased its stake in HCI Group by 40.4% during the 2nd quarter. LSV Asset Management now owns 549,934 shares of the insurance provider’s stock worth $25,835,000 after buying an additional 158,380 shares during the period. Finally, Schroder Investment Management Group increased its stake in HCI Group by 4.9% during the 2nd quarter. Schroder Investment Management Group now owns 462,396 shares of the insurance provider’s stock worth $22,056,000 after buying an additional 21,800 shares during the period. 71.47% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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