HCI Group Inc. (NYSE:HCI) shares traded down 2.3% during trading on Thursday . The company traded as low as $31.79 and last traded at $31.80, with a volume of 73,788 shares trading hands. The stock had previously closed at $32.56.

Several research analysts recently issued reports on HCI shares. JMP Securities dropped their price target on shares of HCI Group from $40.00 to $38.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 3rd. TheStreet lowered shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. HCI Group has a consensus rating of “Buy” and an average price target of $45.50.

The firm has a market capitalization of $330.55 million and a PE ratio of 10.22. The stock has a 50-day moving average of $29.25 and a 200-day moving average of $31.26.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by $0.34. The firm had revenue of $61.52 million for the quarter, compared to the consensus estimate of $64.86 million. HCI Group’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.93 earnings per share. On average, equities research analysts expect that HCI Group Inc. will post $2.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 19th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Wednesday, August 17th.

A hedge fund recently raised its stake in HCI Group stock. Bank of Montreal Can boosted its position in shares of HCI Group Inc. (NYSE:HCI) by 232.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,765 shares of the company’s stock after buying an additional 38,980 shares during the period. Bank of Montreal Can owned 0.51% of HCI Group worth $1,943,000 as of its most recent filing with the SEC.

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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