HCI Group, Inc. (NYSE:HCI) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $46.00.

Several research analysts recently issued reports on the company. BidaskClub cut HCI Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. ValuEngine cut HCI Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. TheStreet cut HCI Group from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. Zacks Investment Research cut HCI Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, SunTrust Banks, Inc. assumed coverage on HCI Group in a research note on Tuesday, July 4th. They issued a “buy” rating and a $52.00 price objective on the stock.

In related news, CEO Paresh Patel bought 1,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were acquired at an average price of $36.06 per share, with a total value of $36,060.00. Following the transaction, the chief executive officer now owns 227,000 shares of the company’s stock, valued at $8,185,620. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders purchased 1,565 shares of company stock worth $56,894. 20.37% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HCI. City Financial Investment Co Ltd bought a new stake in HCI Group during the 1st quarter valued at $1,734,000. LSV Asset Management boosted its position in HCI Group by 40.4% during the 2nd 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. Dimensional Fund Advisors LP boosted its position in HCI Group by 11.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 757,105 shares of the insurance provider’s stock valued at $34,508,000 after acquiring an additional 79,423 shares in the last quarter. Foundry Partners LLC boosted its position in HCI Group by 107.1% during the 2nd quarter. Foundry Partners LLC now owns 137,050 shares of the insurance provider’s stock valued at $6,439,000 after acquiring an additional 70,875 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in HCI Group by 845.6% during the 1st quarter. Alliancebernstein L.P. now owns 73,760 shares of the insurance provider’s stock valued at $3,362,000 after acquiring an additional 65,960 shares in the last quarter. 71.47% of the stock is currently owned by institutional investors and hedge funds.

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Shares of HCI Group (NYSE HCI) opened at 37.64 on Thursday. The company has a market capitalization of $375.87 million, a price-to-earnings ratio of 10.36 and a beta of 2.31. The company’s 50 day moving average price is $37.12 and its 200 day moving average price is $43.08. HCI Group has a 52-week low of $25.50 and a 52-week high of $50.93.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $67.58 million for the quarter, compared to analysts’ expectations of $64.33 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. HCI Group’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that HCI Group will post $0.92 EPS for the current year.

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.

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