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.

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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.

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