Shares of HCI Group Inc. (NYSE:HCI) shot up 4% during trading on Monday . The stock traded as high as $29.38 and last traded at $29.18, with a volume of 61,529 shares. The stock had previously closed at $28.07.

Separately, TheStreet downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $47.40.

The stock has a market capitalization of $304.02 million and a price-to-earnings ratio of 6.63. The firm has a 50 day moving average price of $29.43 and a 200 day moving average price of $31.60.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by $0.18. The company had revenue of $60.74 million for the quarter, compared to analyst estimates of $62.56 million. During the same quarter last year, the company earned $2.21 EPS. HCI Group’s revenue for the quarter was down 26.1% compared to the same quarter last year. On average, equities analysts anticipate that HCI Group Inc. will post $3.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, May 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 18th. This represents a $1.20 annualized dividend and a yield of 4.14%.

Other hedge funds recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of HCI Group by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 540,195 shares of the company’s stock valued at $18,826,000 after buying an additional 30,173 shares during the period. Schroder Investment Management Group increased its stake 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 during the period. Bank of Montreal Can increased its stake in shares of HCI Group by 232.2% in the fourth quarter. Bank of Montreal Can now owns 55,765 shares of the company’s stock valued at $1,943,000 after buying an additional 38,980 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of HCI Group during the fourth quarter valued at approximately $1,005,000. Finally, New York State Common Retirement Fund increased its stake 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 during the period.

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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