HCI Group, Inc. (NYSE:HCI) – Equities researchers at SunTrust Banks decreased their Q2 2018 earnings per share (EPS) estimates for HCI Group in a research note issued to investors on Wednesday. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings of $0.96 per share for the quarter, down from their previous forecast of $1.20. SunTrust Banks has a “Buy” rating and a $52.00 price objective on the stock. SunTrust Banks also issued estimates for HCI Group’s FY2018 earnings at $3.70 EPS.

Several other research analysts have also recently weighed in on HCI. BidaskClub cut HCI Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut HCI Group from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. ValuEngine raised HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. TheStreet raised HCI Group from a “c” rating to a “b-” rating in a research report on Thursday, May 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of HCI Group in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.67.

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HCI Group (NYSE HCI) opened at 44.02 on Monday. The company has a market cap of $403.75 million, a PE ratio of 12.14 and a beta of 2.36. The firm’s 50-day moving average price is $46.19 and its 200 day moving average price is $45.32. HCI Group has a 52-week low of $24.35 and a 52-week high of $50.93.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. HCI Group had a return on equity of 15.65% and a net margin of 13.52%. The business had revenue of $67.58 million during the quarter, compared to the consensus estimate of $64.33 million. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.18%. HCI Group’s dividend payout ratio is presently 38.36%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. City Financial Investment Co Ltd purchased a new position in shares of HCI Group during the first quarter worth approximately $1,734,000. Dimensional Fund Advisors LP boosted its position in shares of HCI Group by 11.7% in the first quarter. Dimensional Fund Advisors LP now owns 757,105 shares of the insurance provider’s stock worth $34,508,000 after buying an additional 79,423 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of HCI Group by 6.6% in the first quarter. Vanguard Group Inc. now owns 549,378 shares of the insurance provider’s stock worth $25,040,000 after buying an additional 33,914 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of HCI Group by 2.6% in the first quarter. Schroder Investment Management Group now owns 440,596 shares of the insurance provider’s stock worth $19,805,000 after buying an additional 11,170 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of HCI Group by 8.8% in the first quarter. LSV Asset Management now owns 391,554 shares of the insurance provider’s stock worth $17,847,000 after buying an additional 31,616 shares in the last quarter. 74.89% of the stock is currently owned by hedge funds and other institutional investors.

About HCI Group

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.

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

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