Shares of HCI Group Inc (NYSE:HCI) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $46.00.

HCI has been the topic of several recent analyst reports. TheStreet downgraded HCI Group from a “b-” rating to a “c” rating in a report on Thursday, September 28th. ValuEngine downgraded HCI Group from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Zacks Investment Research upgraded HCI Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd.

Shares of HCI Group (NYSE HCI) opened at $35.00 on Friday. HCI Group has a 52-week low of $27.11 and a 52-week high of $50.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $342.37, a P/E ratio of -21.21 and a beta of 2.18.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.52) by ($1.92). HCI Group had a negative net margin of 5.63% and a negative return on equity of 6.34%. The company had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $66.46 million. During the same quarter last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was down 30.5% on a year-over-year basis. equities research analysts predict that HCI Group will post -0.4 EPS for the current year.

HCI Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 6th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

In other HCI Group news, Director Gregory Politis purchased 4,000 shares of HCI Group stock in a transaction dated Friday, December 15th. The shares were purchased at an average cost of $29.62 per share, for a total transaction of $118,480.00. Following the completion of the acquisition, the director now owns 194,000 shares in the company, valued at approximately $5,746,280. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Paresh Patel purchased 1,000 shares of HCI Group stock in a transaction dated Friday, December 8th. The stock was acquired at an average price of $30.30 per share, for a total transaction of $30,300.00. Following the completion of the acquisition, the chief executive officer now owns 74,000 shares of the company’s stock, valued at approximately $2,242,200. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 13,000 shares of company stock worth $391,360. Company insiders own 20.37% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in HCI Group by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 832,371 shares of the insurance provider’s stock worth $31,838,000 after purchasing an additional 21,016 shares during the period. Vanguard Group Inc. increased its holdings in HCI Group by 10.7% during the 2nd quarter. Vanguard Group Inc. now owns 608,144 shares of the insurance provider’s stock worth $28,571,000 after purchasing an additional 58,766 shares during the period. State Street Corp increased its holdings in HCI Group by 0.7% during the 2nd quarter. State Street Corp now owns 210,029 shares of the insurance provider’s stock worth $9,864,000 after purchasing an additional 1,542 shares during the period. Foundry Partners LLC increased its holdings in HCI Group by 16.1% during the 3rd quarter. Foundry Partners LLC now owns 159,057 shares of the insurance provider’s stock worth $6,084,000 after purchasing an additional 22,007 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in HCI Group by 24.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 129,152 shares of the insurance provider’s stock worth $4,939,000 after purchasing an additional 25,391 shares during the period. Hedge funds and other institutional investors own 76.38% 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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