HCI Group Inc (NYSE:HCI) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $46.00.
Several research firms have issued reports on HCI. Zacks Investment Research upgraded shares of HCI Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine upgraded shares of HCI Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, TheStreet upgraded shares of HCI Group from a “c” rating to a “b-” rating in a research report on Tuesday, March 6th.
In related news, Director Gregory Politis purchased 2,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were bought at an average cost of $29.97 per share, for a total transaction of $59,940.00. Following the transaction, the director now directly owns 194,000 shares of the company’s stock, valued at approximately $5,814,180. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 20.37% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in HCI Group by 2.5% in the 4th quarter. BlackRock Inc. now owns 1,077,636 shares of the insurance provider’s stock worth $32,220,000 after purchasing an additional 26,015 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of HCI Group by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 832,371 shares of the insurance provider’s stock valued at $31,838,000 after acquiring an additional 21,016 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of HCI Group by 10.7% during the 2nd quarter. Vanguard Group Inc. now owns 608,144 shares of the insurance provider’s stock valued at $28,571,000 after acquiring an additional 58,766 shares in the last quarter. Deutsche Bank AG boosted its position in shares of HCI Group by 1.8% during the 4th quarter. Deutsche Bank AG now owns 598,369 shares of the insurance provider’s stock valued at $17,889,000 after acquiring an additional 10,655 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of HCI Group by 15.6% during the 4th quarter. Millennium Management LLC now owns 218,861 shares of the insurance provider’s stock valued at $6,544,000 after acquiring an additional 29,517 shares in the last quarter. Institutional investors own 68.07% of the company’s stock.
HCI Group (NYSE:HCI) opened at $40.94 on Friday. The company has a market cap of $408.79, a price-to-earnings ratio of -33.56 and a beta of 2.16. HCI Group has a twelve month low of $27.11 and a twelve month high of $49.25. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.23.
HCI Group (NYSE:HCI) last announced its earnings results on Tuesday, March 6th. The insurance provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.82 by $0.32. The firm had revenue of $61.62 million for the quarter, compared to the consensus estimate of $62.98 million. HCI Group had a negative net margin of 2.82% and a negative return on equity of 3.21%. The business’s quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. analysts expect that HCI Group will post 3.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.40 annualized dividend and a yield of 3.42%. HCI Group’s dividend payout ratio is -114.75%.
HCI Group announced that its board has initiated a stock repurchase program on Wednesday, December 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
About HCI Group
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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