HCI Group (NYSE:HCI) Downgraded by StockNews.com

StockNews.com lowered shares of HCI Group (NYSE:HCI) from a buy rating to a hold rating in a research report report published on Friday morning.

Other research analysts have also issued reports about the company. Oppenheimer reiterated an outperform rating and set a $140.00 target price on shares of HCI Group in a report on Friday, April 5th. JMP Securities lifted their price objective on HCI Group from $120.00 to $135.00 and gave the company a market outperform rating in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $127.75.

HCI Group Stock Performance

Shares of NYSE:HCI opened at $91.12 on Friday. The firm’s 50 day simple moving average is $92.44 and its 200 day simple moving average is $100.31. HCI Group has a fifty-two week low of $48.84 and a fifty-two week high of $121.57. The company has a market capitalization of $954.94 million, a price-to-earnings ratio of 9.27 and a beta of 1.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.61.

HCI Group (NYSE:HCI) last issued its earnings results on Wednesday, May 8th. The insurance provider reported $3.65 EPS for the quarter, beating the consensus estimate of $2.74 by $0.91. The firm had revenue of $206.61 million during the quarter, compared to the consensus estimate of $189.17 million. HCI Group had a net margin of 17.72% and a return on equity of 40.30%. As a group, sell-side analysts forecast that HCI Group will post 11.63 earnings per share for the current year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, August 16th. HCI Group’s dividend payout ratio is 16.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Quest Partners LLC acquired a new stake in HCI Group in the 4th quarter valued at approximately $28,000. Gladius Capital Management LP bought a new position in shares of HCI Group during the 2nd quarter worth approximately $31,000. CWM LLC raised its holdings in shares of HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after purchasing an additional 495 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of HCI Group by 399.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,773 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 1,418 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in HCI Group during the fourth quarter worth $155,000. 86.99% of the stock is owned by institutional investors and hedge funds.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.