HCI Group (NYSE:HCI) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of HCI Group (NYSE:HCI) from a buy rating to a hold rating in a research report report published on Friday morning.

Several other research firms have also recently issued reports on HCI. JMP Securities lifted their price objective on HCI Group from $120.00 to $135.00 and gave the stock a market outperform rating in a report on Thursday, May 9th. Oppenheimer restated an outperform rating and set a $140.00 target price on shares of HCI Group in a report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, HCI Group currently has a consensus rating of Moderate Buy and an average target price of $127.75.

HCI Group Trading Down 1.9 %

HCI stock opened at $89.43 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. HCI Group has a 12-month low of $48.84 and a 12-month high of $121.57. The stock has a market cap of $937.23 million, a price-to-earnings ratio of 9.27 and a beta of 1.13. The business’s 50-day moving average is $92.44 and its 200 day moving average is $100.31.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.91. HCI Group had a return on equity of 40.30% and a net margin of 17.72%. The company had revenue of $206.61 million for the quarter, compared to analysts’ expectations of $189.17 million. On average, sell-side analysts anticipate that HCI Group will post 11.63 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, August 16th. HCI Group’s dividend payout ratio is currently 16.28%.

Institutional Trading of HCI Group

Several institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System raised its position in shares of HCI Group by 1.1% during the 1st quarter. New York State Teachers Retirement System now owns 9,544 shares of the insurance provider’s stock valued at $1,108,000 after buying an additional 100 shares during the period. Swiss National Bank raised its position in shares of HCI Group by 1.4% during the 1st quarter. Swiss National Bank now owns 14,400 shares of the insurance provider’s stock valued at $1,672,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its position in shares of HCI Group by 11.3% during the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock valued at $206,000 after buying an additional 227 shares during the period. Louisiana State Employees Retirement System raised its position in shares of HCI Group by 8.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 3,700 shares of the insurance provider’s stock valued at $341,000 after buying an additional 300 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of HCI Group during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.