HCI Group Inc (NYSE:HCI) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $44.00.
Several brokerages have recently weighed in on HCI. ValuEngine cut HCI Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded HCI Group from a “sell” rating to a “hold” rating in a research report on Monday, November 27th.
Shares of HCI Group (NYSE HCI) traded up $0.38 on Wednesday, hitting $35.76. The stock had a trading volume of 61,713 shares, compared to its average volume of 115,552. HCI Group has a 12-month low of $27.11 and a 12-month high of $50.93. The company has a market capitalization of $346.08, a PE ratio of -18.92 and a beta of 2.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.61 and a current ratio of 0.61.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, February 15th. HCI Group’s dividend payout ratio (DPR) is -74.07%.
HCI Group declared that its board has authorized a stock buyback 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
In related news, CEO Paresh Patel acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $30.30 per share, for a total transaction of $30,300.00. Following the completion of the transaction, the chief executive officer now owns 74,000 shares in the company, valued at $2,242,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Macchiarola acquired 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was bought at an average price of $30.44 per share, for a total transaction of $182,640.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 13,000 shares of company stock worth $391,360. 20.37% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in shares of HCI Group by 33.9% in the third quarter. Victory Capital Management Inc. now owns 31,400 shares of the insurance provider’s stock worth $1,201,000 after purchasing an additional 7,950 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of HCI Group in the third quarter worth approximately $590,000. Dimensional Fund Advisors LP increased its position in shares of HCI Group by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 832,371 shares of the insurance provider’s stock worth $31,838,000 after purchasing an additional 21,016 shares during the last quarter. OxFORD Asset Management LLP increased its position in shares of HCI Group by 7.8% in the third quarter. OxFORD Asset Management LLP now owns 62,644 shares of the insurance provider’s stock worth $2,382,000 after purchasing an additional 4,512 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of HCI Group by 24.5% in the third quarter. Ameriprise Financial Inc. now owns 129,152 shares of the insurance provider’s stock worth $4,939,000 after purchasing an additional 25,391 shares during the last quarter. Institutional investors own 76.85% of the company’s stock.
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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