HCI Group, Inc. (NYSE:HCI) – Analysts at SunTrust Banks dropped their Q3 2017 EPS estimates for shares of HCI Group in a report issued on Tuesday. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings of ($2.66) per share for the quarter, down from their previous estimate of $0.60. SunTrust Banks has a “Buy” rating and a $52.00 price objective on the stock. SunTrust Banks also issued estimates for HCI Group’s FY2017 earnings at $0.17 EPS.

Several other research firms have also issued reports on HCI. Zacks Investment Research lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub lowered shares of HCI Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 13th. Finally, Sidoti raised shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.75.

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HCI Group (NYSE HCI) opened at 37.88 on Thursday. The company has a market capitalization of $378.27 million, a price-to-earnings ratio of 10.43 and a beta of 2.37. HCI Group has a 52-week low of $24.35 and a 52-week high of $50.93. The stock has a 50 day moving average of $39.07 and a 200-day moving average of $44.12.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. HCI Group had a net margin of 13.52% and a return on equity of 15.65%. The company had revenue of $67.58 million during the quarter, compared to analyst estimates of $64.33 million. During the same period last year, the business earned $0.71 earnings per share. HCI Group’s revenue was up 9.9% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were paid a $0.35 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $1.40 annualized dividend and a yield of 3.70%. HCI Group’s payout ratio is 38.36%.

In other HCI Group news, CEO Paresh Patel purchased 1,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was acquired at an average cost of $36.06 per share, for a total transaction of $36,060.00. Following the purchase, the chief executive officer now directly owns 227,000 shares of the company’s stock, valued at approximately $8,185,620. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 1,565 shares of company stock valued at $56,894 over the last 90 days. 20.37% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Capstone Asset Management Co. boosted its stake in HCI Group by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 4,926 shares of the insurance provider’s stock worth $231,000 after purchasing an additional 50 shares during the period. Thrivent Financial For Lutherans boosted its stake in HCI Group by 3.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock worth $233,000 after purchasing an additional 160 shares during the period. Nationwide Fund Advisors boosted its stake in HCI Group by 2.8% in the 1st quarter. Nationwide Fund Advisors now owns 6,609 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 181 shares during the period. Virginia Retirement Systems ET AL boosted its stake in HCI Group by 1.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 17,300 shares of the insurance provider’s stock worth $813,000 after purchasing an additional 200 shares during the period. Finally, Legal & General Group Plc boosted its stake in HCI Group by 1.6% in the 1st quarter. Legal & General Group Plc now owns 14,147 shares of the insurance provider’s stock worth $644,000 after purchasing an additional 221 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.

About HCI Group

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.

Earnings History and Estimates for HCI Group (NYSE:HCI)

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