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 changing hands. The stock had previously closed at $32.56.

A number of analysts recently issued reports on HCI shares. TheStreet cut HCI Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. JMP Securities decreased their price objective on 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $45.50.

The stock has a 50 day moving average of $29.25 and a 200-day moving average of $31.26. The firm has a market cap of $327.01 million and a price-to-earnings ratio of 10.11.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders 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 yield of 3.81%.

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

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.