HCI Group Inc. (HCI) Trading Up 4.4%
HCI Group Inc. (NYSE:HCI) shares were up 4.4% during trading on Thursday . The stock traded as high as $30.95 and last traded at $30.95, with a volume of 64,621 shares traded. The stock had previously closed at $29.64.
Several research analysts recently commented on HCI shares. TheStreet lowered HCI Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. JMP Securities dropped their price target on HCI Group from $40.00 to $38.00 and set a “market outperform” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. HCI Group currently has a consensus rating of “Buy” and an average target price of $45.60.
The stock’s 50-day moving average is $28.60 and its 200 day moving average is $31.20. The firm has a market capitalization of $305.73 million and a price-to-earnings ratio of 10.51.
HCI Group (NYSE:HCI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.34. During the same period in the prior year, the business posted $1.93 EPS. The business had revenue of $61.52 million for the quarter, compared to analyst estimates of $64.86 million. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. Equities research analysts forecast that HCI Group Inc. will post $2.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 19th will be given a $0.30 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.86%.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its position in 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. Cornerstone Capital Management Holdings LLC. bought a new position in HCI Group during the fourth quarter valued at $1,005,000. Bank of Montreal Can increased its position in 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. Finally, Schroder Investment Management Group increased its position in 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.
HCI Group, Inc (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations.
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