HCI Group, Inc. (HCI) Given Average Recommendation of “Hold” by Analysts
Shares of HCI Group, Inc. (NYSE:HCI) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $46.00.
A number of brokerages have commented on HCI. BidaskClub downgraded shares of HCI Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of HCI Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of HCI Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Sidoti upgraded shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, September 11th. Finally, SunTrust Banks, Inc. began coverage on shares of HCI Group in a report on Tuesday, July 4th. They issued a “buy” rating and a $52.00 target price for the company.
Shares of HCI Group (HCI) opened at 37.73 on Friday. The company has a market capitalization of $376.77 million, a price-to-earnings ratio of 10.39 and a beta of 2.37. The firm’s 50-day moving average is $39.56 and its 200-day moving average is $44.38. HCI Group has a 1-year low of $24.35 and a 1-year high of $50.93.
HCI Group (NYSE:HCI) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. The business had revenue of $67.58 million during the quarter, compared to the consensus estimate of $64.33 million. HCI Group had a net margin of 13.52% and a return on equity of 15.65%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Analysts forecast that HCI Group will post $3.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.71%. HCI Group’s dividend payout ratio is presently 38.36%.
A number of institutional investors have recently made changes to their positions in the business. City Financial Investment Co Ltd bought a new position in HCI Group in the first quarter worth about $1,734,000. Dimensional Fund Advisors LP increased its holdings in shares of HCI Group by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 811,355 shares of the insurance provider’s stock valued at $38,118,000 after acquiring an additional 54,250 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of HCI Group by 10.7% during the second quarter. Vanguard Group Inc. now owns 608,144 shares of the insurance provider’s stock valued at $28,571,000 after acquiring an additional 58,766 shares in the last quarter. LSV Asset Management increased its holdings in shares of HCI Group by 40.4% during the second quarter. LSV Asset Management now owns 549,934 shares of the insurance provider’s stock valued at $25,835,000 after acquiring an additional 158,380 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of HCI Group by 4.9% during the second quarter. Schroder Investment Management Group now owns 462,396 shares of the insurance provider’s stock valued at $22,056,000 after acquiring an additional 21,800 shares in the last quarter. Institutional investors and hedge funds own 71.47% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “HCI Group, Inc. (HCI) Given Average Recommendation of “Hold” by Analysts” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/09/17/hci-group-inc-hci-given-average-recommendation-of-hold-by-analysts.html.
HCI Group Company Profile
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.
Receive News & Ratings for HCI Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.