ValuEngine upgraded shares of HCI Group, Inc. (NYSE:HCI) from a buy rating to a strong-buy rating in a research note released on Wednesday morning.

A number of other equities analysts have also recently weighed in on HCI. Zacks Investment Research raised HCI Group from a hold rating to a buy rating and set a $49.00 price target for the company in a report on Wednesday, June 7th. SunTrust Banks, Inc. started coverage on HCI Group in a report on Tuesday, July 4th. They issued a buy rating and a $52.00 price target for the company. BidaskClub cut HCI Group from a hold rating to a sell rating in a report on Tuesday, July 25th. Finally, Sidoti raised HCI Group from a neutral rating to a buy rating and set a $40.00 price target for the company in a report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $45.75.

HCI Group (NYSE:HCI) traded up 0.05% during trading on Wednesday, hitting $37.73. The stock had a trading volume of 201,167 shares. The stock’s 50-day moving average is $39.56 and its 200 day moving average is $44.38. HCI Group has a one year low of $24.35 and a one year high of $50.93. The firm has a market cap of $376.77 million, a price-to-earnings ratio of 10.39 and a beta of 2.37.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. HCI Group had a return on equity of 15.65% and a net margin of 13.52%. The company had revenue of $67.58 million during the quarter, compared to analysts’ expectations of $64.33 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts anticipate that HCI Group will post $3.56 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Wednesday, August 16th. HCI Group’s dividend payout ratio is currently 38.36%.

Several large investors have recently made changes to their positions in the company. Capstone Asset Management Co. grew its position in shares of HCI Group by 1.0% in the second quarter. Capstone Asset Management Co. now owns 4,926 shares of the insurance provider’s stock valued at $231,000 after purchasing an additional 50 shares during the period. Thrivent Financial For Lutherans grew its position in shares of HCI Group by 3.3% in the second quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock valued at $233,000 after purchasing an additional 160 shares during the period. Nationwide Fund Advisors grew its position in shares of HCI Group by 2.8% in the first quarter. Nationwide Fund Advisors now owns 6,609 shares of the insurance provider’s stock valued at $301,000 after purchasing an additional 181 shares during the period. Virginia Retirement Systems ET AL grew its position in shares of HCI Group by 1.2% in the second quarter. Virginia Retirement Systems ET AL now owns 17,300 shares of the insurance provider’s stock valued at $813,000 after purchasing an additional 200 shares during the period. Finally, Legal & General Group Plc grew its position in shares of HCI Group by 1.6% in the first quarter. Legal & General Group Plc now owns 14,147 shares of the insurance provider’s stock valued at $644,000 after purchasing an additional 221 shares during the period. 71.47% of the stock is owned by institutional investors and hedge funds.

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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