HCI Group, Inc. (HCI) Stock Price Up -2.2%
Shares of HCI Group, Inc. (NYSE:HCI) rose 2.2% on Tuesday . The company traded as high as $36.85 and last traded at $35.36. Approximately 135,784 shares were traded during trading, an increase of 2% from the average daily volume of 132,525 shares. The stock had previously closed at $36.15.
HCI has been the subject of a number of recent research reports. SunTrust Banks, Inc. initiated coverage on HCI Group in a research report on Tuesday, July 4th. They set a “buy” rating and a $52.00 price objective for the company. Zacks Investment Research raised HCI Group from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, June 21st. Sidoti raised HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Monday. BidaskClub cut HCI Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, ValuEngine raised HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.75.
The firm has a market capitalization of $372.88 million, a price-to-earnings ratio of 10.28 and a beta of 2.37. The company’s 50 day moving average is $40.17 and its 200-day moving average is $44.56.
HCI Group (NYSE:HCI) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The company had revenue of $67.58 million during the quarter, compared to analyst estimates of $64.33 million. HCI Group had a return on equity of 15.65% and a net margin of 13.52%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. Equities analysts anticipate that HCI Group, Inc. will post $3.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, August 16th. HCI Group’s dividend payout ratio (DPR) is presently 38.36%.
Several large investors have recently bought and sold shares of the company. City Financial Investment Co Ltd bought a new position in shares of HCI Group during the first quarter valued at approximately $1,734,000. Dimensional Fund Advisors LP grew its holdings in shares of HCI Group by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 811,355 shares of the insurance provider’s stock valued at $38,118,000 after purchasing an additional 54,250 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of HCI Group by 10.7% during the second quarter. Vanguard Group Inc. now owns 608,144 shares of the insurance provider’s stock valued at $28,571,000 after purchasing an additional 58,766 shares during the last quarter. LSV Asset Management grew its holdings in shares of HCI Group by 40.4% during the second quarter. LSV Asset Management now owns 549,934 shares of the insurance provider’s stock valued at $25,835,000 after purchasing an additional 158,380 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of HCI Group by 4.9% during the second quarter. Schroder Investment Management Group now owns 462,396 shares of the insurance provider’s stock valued at $22,056,000 after purchasing an additional 21,800 shares during the last quarter. 71.47% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “HCI Group, Inc. (HCI) Stock Price Up -2.2%” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.dailypolitical.com/2017/09/14/hci-group-inc-hci-stock-price-up-2-2.html.
HCI Group Company Profile
HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.
Receive News & Ratings for HCI Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.