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.

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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.

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