HCI Group Inc. (NYSE:HCI) rose 4.4% during trading on Thursday . The company traded as high as $30.95 and last traded at $30.95, with a volume of 64,621 shares. The stock had previously closed at $29.64.

HCI has been the topic of a number of recent analyst reports. TheStreet cut HCI Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. JMP Securities lowered their target price on HCI Group from $40.00 to $38.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. HCI Group currently has a consensus rating of “Buy” and an average price target of $45.50.

The stock has a market cap of $311.54 million and a price-to-earnings ratio of 10.71. The stock’s 50 day moving average price is $28.74 and its 200 day moving average price is $31.20.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.34. The company earned $61.52 million during the quarter, compared to the consensus estimate of $64.86 million. During the same quarter last year, the firm posted $1.93 earnings per share. The firm’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, equities analysts anticipate that HCI Group Inc. will post $2.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.79%.

Other large investors have added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake 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. acquired a new stake in HCI Group during the fourth quarter valued at approximately $1,005,000. 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 valued at $1,943,000 after buying an additional 38,980 shares during the period. Finally, 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 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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