HCI Group Inc. (NYSE:HCI) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $26.43 and last traded at $26.59, with a volume of 47,578 shares trading hands. The stock had previously closed at $27.19.

Separately, TheStreet cut HCI Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $47.40.

The company has a market cap of $285.13 million and a P/E ratio of 6.22. The stock’s 50 day moving average price is $29.73 and its 200-day moving average price is $31.76.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.18. The business earned $60.74 million during the quarter, compared to the consensus estimate of $62.56 million. During the same quarter in the prior year, the company posted $2.21 earnings per share. The firm’s revenue for the quarter was down 26.1% on a year-over-year basis. On average, equities analysts anticipate that HCI Group Inc. will post $3.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, May 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.42%. The ex-dividend date was Wednesday, May 18th.

A number of hedge funds and institutional investors have modified their holdings of HCI. American Century Companies Inc. increased its position in shares of HCI Group by 37.6% in the fourth quarter. American Century Companies Inc. now owns 153,911 shares of the company’s stock valued at $5,364,000 after buying an additional 42,094 shares in the last quarter. Schroder Investment Management Group increased its position in shares of HCI Group by 34.4% in the fourth quarter. Schroder Investment Management Group now owns 468,826 shares of the company’s stock valued at $16,339,000 after buying an additional 120,000 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of HCI Group by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 59,498 shares of the company’s stock valued at $2,074,000 after buying an additional 2,661 shares in the last quarter. LSV Asset Management increased its position in shares of HCI Group by 4.5% in the fourth quarter. LSV Asset Management now owns 370,238 shares of the company’s stock valued at $12,902,000 after buying an additional 16,100 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of HCI Group by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 211,500 shares of the company’s stock valued at $7,371,000 after buying an additional 1,500 shares in the last quarter.

HCI Group, Inc (HCI) is a holding company. The Company’s operations include Insurance Operations, which offers property and casualty insurance, and reinsurance, and Other Operations, which include IT and real estate. Property and Casualty Insurance business is managed by its subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc (HCPCI).

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