HCI Group Inc (HCI) Given Average Rating of “Hold” by Analysts

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.

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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.

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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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