HCI Group, Inc. (HCI) Downgraded by ValuEngine to “Hold”
ValuEngine cut shares of HCI Group, Inc. (NYSE:HCI) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
HCI has been the subject of a number of other research reports. Zacks Investment Research cut HCI Group from a buy rating to a hold rating in a report on Thursday, July 6th. BidaskClub lowered HCI Group from a hold rating to a sell rating in a report on Tuesday, July 25th. Sidoti upgraded HCI Group from a neutral rating to a buy rating and set a $40.00 price target on the stock in a report on Monday, September 11th. Finally, SunTrust Banks, Inc. began coverage on HCI Group in a research report on Tuesday, July 4th. They set a buy rating and a $52.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. HCI Group presently has an average rating of Hold and a consensus target price of $45.75.
HCI Group (HCI) opened at 38.25 on Thursday. The firm has a market capitalization of $381.96 million, a price-to-earnings ratio of 10.53 and a beta of 2.32. The firm has a 50-day moving average price of $39.07 and a 200 day moving average price of $44.12. HCI Group has a 12 month low of $24.35 and a 12 month high of $50.93.
HCI Group (NYSE:HCI) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $67.58 million for the quarter, compared to analysts’ expectations of $64.33 million. HCI Group had a net margin of 13.52% and a return on equity of 15.65%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. On average, equities analysts forecast that HCI Group will post $1.27 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were issued a $0.35 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.66%. HCI Group’s dividend payout ratio (DPR) is presently 38.36%.
In other HCI Group news, CEO Paresh Patel bought 1,000 shares of HCI Group stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average price of $36.06 per share, for a total transaction of $36,060.00. Following the completion of the acquisition, the chief executive officer now owns 227,000 shares of the company’s stock, valued at approximately $8,185,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 1,565 shares of company stock valued at $56,894 in the last 90 days. 20.37% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of HCI. Navellier & Associates Inc lifted its position in HCI Group by 8.9% during the 2nd quarter. Navellier & Associates Inc now owns 55,950 shares of the insurance provider’s stock worth $2,629,000 after buying an additional 4,568 shares in the last quarter. State Street Corp boosted its stake in shares of HCI Group by 0.7% during the 2nd quarter. State Street Corp now owns 210,029 shares of the insurance provider’s stock worth $9,864,000 after buying an additional 1,542 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of HCI Group during the 2nd quarter worth about $794,000. Goldman Sachs Group Inc. boosted its stake in shares of HCI Group by 15.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 20,500 shares of the insurance provider’s stock worth $963,000 after buying an additional 2,762 shares during the last quarter. Finally, Numeric Investors LLC boosted its stake in shares of HCI Group by 8.4% during the 2nd quarter. Numeric Investors LLC now owns 112,050 shares of the insurance provider’s stock worth $5,264,000 after buying an additional 8,637 shares during the last quarter. Hedge funds and other institutional investors own 71.47% of the company’s stock.
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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