HCI Group (NYSE:HCI) Shares Down 4.3% – What’s Next?

HCI Group, Inc. (NYSE:HCI) was down 4.3% during mid-day trading on Monday . The stock traded as low as $160.99 and last traded at $161.22. Approximately 8,478 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 137,312 shares. The stock had previously closed at $168.39.

Analysts Set New Price Targets

HCI has been the subject of a number of research analyst reports. JMP Securities raised their price target on shares of HCI Group from $210.00 to $225.00 and gave the stock a “market outperform” rating in a report on Monday, May 19th. Compass Point upgraded HCI Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $205.00 in a research note on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.25.

HCI Group Trading Down 4.0%

The business’s 50 day simple moving average is $153.26 and its 200 day simple moving average is $133.76. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 13.50 and a beta of 1.26.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, May 8th. The insurance provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.86. The firm had revenue of $216.43 million for the quarter, compared to analysts’ expectations of $214.89 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. Research analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, May 16th. HCI Group’s payout ratio is 15.47%.

Institutional Investors Weigh In On HCI Group

A number of hedge funds have recently bought and sold shares of HCI. Hood River Capital Management LLC boosted its position in HCI Group by 15.7% during the 4th quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider’s stock worth $109,538,000 after acquiring an additional 127,332 shares during the period. Khrom Capital Management LLC raised its holdings in HCI Group by 20.7% during the fourth quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider’s stock valued at $92,778,000 after buying an additional 136,642 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of HCI Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider’s stock worth $69,603,000 after buying an additional 7,732 shares during the last quarter. American Century Companies Inc. grew its stake in shares of HCI Group by 168.8% in the first quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider’s stock worth $67,569,000 after acquiring an additional 284,315 shares during the last quarter. Finally, Wasatch Advisors LP increased its stake in HCI Group by 288.9% during the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider’s stock valued at $34,300,000 after acquiring an additional 218,664 shares during the period. Institutional investors and hedge funds 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.