HCI Group, Inc. (NYSE:HCI) – Investment analysts at SunTrust Banks reduced their Q4 2017 EPS estimates for shares of HCI Group in a research report issued to clients and investors on Thursday. SunTrust Banks analyst M. Hughes now forecasts that the insurance provider will earn $0.82 per share for the quarter, down from their prior forecast of $0.96. SunTrust Banks also issued estimates for HCI Group’s Q1 2018 earnings at $0.90 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.90 EPS and FY2018 earnings at $3.15 EPS.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($4.44) EPS for the quarter, missing the consensus estimate of ($2.52) by ($1.92). The firm had revenue of $44.00 million for the quarter, compared to the consensus estimate of $66.46 million. HCI Group had a negative net margin of 5.63% and a negative return on equity of 6.34%. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share.

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Other equities analysts also recently issued reports about the stock. Sidoti upgraded shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Monday, September 11th. TheStreet downgraded shares of HCI Group from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. ValuEngine cut shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. BidaskClub cut shares of HCI Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research cut shares of HCI Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.33.

HCI Group (HCI) opened at $32.46 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.61 and a quick ratio of 1.15. HCI Group has a one year low of $26.29 and a one year high of $50.93.

A number of hedge funds have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. grew its position in HCI Group by 1.0% during the second quarter. Capstone Asset Management Co. now owns 4,926 shares of the insurance provider’s stock valued at $231,000 after buying an additional 50 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of HCI Group by 3.3% in the second quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock worth $233,000 after buying an additional 160 shares in the last quarter. Virginia Retirement Systems ET AL lifted its stake in shares of HCI Group by 1.2% in the second quarter. Virginia Retirement Systems ET AL now owns 17,300 shares of the insurance provider’s stock worth $813,000 after buying an additional 200 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of HCI Group by 1.6% in the first quarter. Legal & General Group Plc now owns 14,147 shares of the insurance provider’s stock worth $644,000 after buying an additional 221 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its stake in shares of HCI Group by 11.4% in the second quarter. Brandywine Global Investment Management LLC now owns 3,230 shares of the insurance provider’s stock worth $152,000 after buying an additional 330 shares in the last quarter. Institutional investors own 72.26% of the company’s stock.

In related news, CEO Paresh Patel purchased 1,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were acquired at an average price of $36.06 per share, for a total transaction of $36,060.00. Following the purchase, the chief executive officer now owns 227,000 shares of the company’s stock, valued at approximately $8,185,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 1,565 shares of company stock worth $56,894 in the last 90 days. 20.37% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.40 dividend on an annualized basis and a yield of 4.31%. HCI Group’s payout ratio is -74.07%.

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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