HCI Group (NYSE:HCI) Trading Up 5.2%

HCI Group, Inc. (NYSE:HCI)’s stock price was up 5.2% on Wednesday . The company traded as high as $113.19 and last traded at $113.02. Approximately 84,332 shares traded hands during trading, a decline of 38% from the average daily volume of 137,090 shares. The stock had previously closed at $107.40.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HCI. JMP Securities reiterated a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research report on Monday, September 23rd. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.25.

HCI Group Stock Up 4.5 %

The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.90 and a beta of 1.13. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average is $96.87 and its two-hundred day moving average is $100.48.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, beating the consensus estimate of $3.58 by $0.63. The firm had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same quarter last year, the firm earned $1.22 earnings per share. Equities analysts anticipate that HCI Group, Inc. will post 12.37 EPS for the current year.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Friday, August 16th. HCI Group’s dividend payout ratio is currently 16.28%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. purchased a new stake in HCI Group during the 1st quarter worth about $939,000. Quadrature Capital Ltd raised its position in shares of HCI Group by 55.8% during the 4th quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider’s stock worth $2,610,000 after acquiring an additional 10,693 shares in the last quarter. SG Americas Securities LLC increased its stake in HCI Group by 153.6% in the second quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider’s stock valued at $860,000 after purchasing an additional 5,649 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of HCI Group by 45.0% in the 1st quarter. Principal Financial Group Inc. now owns 45,387 shares of the insurance provider’s stock valued at $5,269,000 after buying an additional 14,086 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of HCI Group by 271.1% in the 1st quarter. BNP Paribas Financial Markets now owns 30,783 shares of the insurance provider’s stock valued at $3,573,000 after buying an additional 22,489 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.