HCI Group Inc (NYSE:HCI) – SunTrust Banks lifted their Q1 2019 EPS estimates for HCI Group in a note issued to investors on Tuesday, November 6th. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings per share of $1.21 for the quarter, up from their prior forecast of $1.17. SunTrust Banks also issued estimates for HCI Group’s Q3 2019 earnings at $0.75 EPS and FY2019 earnings at $4.50 EPS.

HCI has been the topic of a number of other reports. Zacks Investment Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research note on Friday. TheStreet upgraded shares of HCI Group from a “c” rating to a “b-” rating in a research note on Wednesday. Finally, JMP Securities lifted their price objective on shares of HCI Group from $48.00 to $50.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 10th.

Shares of HCI opened at $54.19 on Thursday. HCI Group has a 1 year low of $28.70 and a 1 year high of $54.32. The firm has a market cap of $470.91 million, a PE ratio of -72.25 and a beta of 1.36. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.80 and a quick ratio of 0.66.

Several hedge funds and other institutional investors have recently modified their holdings of HCI. Principal Financial Group Inc. raised its stake in shares of HCI Group by 2.4% during the first quarter. Principal Financial Group Inc. now owns 60,733 shares of the insurance provider’s stock valued at $2,318,000 after purchasing an additional 1,441 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of HCI Group during the second quarter valued at about $1,928,000. American Research & Management Co. raised its stake in shares of HCI Group by 4.5% during the second quarter. American Research & Management Co. now owns 35,700 shares of the insurance provider’s stock valued at $1,484,000 after purchasing an additional 1,550 shares in the last quarter. Aperio Group LLC bought a new stake in shares of HCI Group during the second quarter valued at about $236,000. Finally, SG Americas Securities LLC bought a new stake in shares of HCI Group during the second quarter valued at about $174,000. Institutional investors and hedge funds own 68.16% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 16th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, November 15th. HCI Group’s dividend payout ratio is currently -200.00%.

About HCI Group

HCI Group, Inc primarily engages in the property and casualty insurance business in Florida. It provides property and casualty insurance to homeowners, condominium owners, and tenants; and reinsurance. The company also owns and operates one full-service restaurant, two marinas, two retail shopping centers, and one office building.

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

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