HCI Group (NYSE:HCI) Stock Price Passes Below 200 Day Moving Average – What’s Next?

HCI Group, Inc. (NYSE:HCI) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $178.41 and traded as low as $160.95. HCI Group shares last traded at $161.1870, with a volume of 138,733 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HCI shares. Citigroup reissued a “market outperform” rating on shares of HCI Group in a research note on Friday, January 16th. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of HCI Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $231.67.

HCI Group Stock Down 1.6%

The firm’s 50-day simple moving average is $164.20 and its 200 day simple moving average is $178.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $2.00 billion, a P/E ratio of 6.79 and a beta of 1.19.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.87 by $2.38. HCI Group had a return on equity of 36.34% and a net margin of 33.19%.The business had revenue of $246.24 million for the quarter, compared to analyst estimates of $232.36 million. On average, research analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. HCI Group’s dividend payout ratio (DPR) is 7.05%.

Institutional Trading of HCI Group

A number of institutional investors and hedge funds have recently modified their holdings of HCI. Quent Capital LLC acquired a new position in HCI Group during the third quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in HCI Group in the fourth quarter worth $26,000. Transamerica Financial Advisors LLC boosted its position in shares of HCI Group by 519.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of HCI Group by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after buying an additional 71 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.