Shares of HCI Group Inc. (NYSE:HCI) dropped 1.7% on Monday . The company traded as low as $28.96 and last traded at $28.97, with a volume of 69,900 shares. The stock had previously closed at $29.46.

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

The company’s 50-day moving average is $29.10 and its 200-day moving average is $31.41. The company has a market capitalization of $304.13 million and a PE ratio of 6.63.

HCI Group (NYSE:HCI) last posted its earnings results on Tuesday, May 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by $0.18. The company earned $60.74 million during the quarter, compared to analyst estimates of $62.56 million. During the same period last year, the firm posted $2.21 earnings per share. The business’s quarterly revenue was down 26.1% compared to the same quarter last year. On average, equities analysts predict that HCI Group Inc. will post $3.00 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 19th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $1.20 dividend on an annualized basis and a yield of 4.14%.

Other hedge funds have bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in HCI Group by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 540,195 shares of the company’s stock worth $18,826,000 after buying an additional 30,173 shares during the last quarter. Schroder Investment Management Group boosted its stake in HCI Group by 34.4% in the fourth quarter. Schroder Investment Management Group now owns 468,826 shares of the company’s stock worth $16,339,000 after buying an additional 120,000 shares during the last quarter. Bank of Montreal Can boosted its stake in HCI Group by 232.2% in the fourth quarter. Bank of Montreal Can now owns 55,765 shares of the company’s stock worth $1,943,000 after buying an additional 38,980 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of HCI Group during the fourth quarter valued at $1,005,000. Finally, New York State Common Retirement Fund boosted 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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