HCI Group (NYSE:HCI) Lifted to Strong-Buy at ValuEngine

ValuEngine upgraded shares of HCI Group (NYSE:HCI) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning, ValuEngine reports.

A number of other research analysts have also issued reports on HCI. Zacks Investment Research lowered shares of HCI Group from a hold rating to a sell rating in a research report on Tuesday, October 22nd. TheStreet lowered shares of HCI Group from a b rating to a c+ rating in a research report on Tuesday, November 5th.

Shares of NYSE:HCI traded up $0.44 on Friday, reaching $44.65. 68,434 shares of the company’s stock were exchanged, compared to its average volume of 61,929. The company has a fifty day moving average of $41.99 and a 200-day moving average of $41.38. HCI Group has a twelve month low of $36.72 and a twelve month high of $59.32. The company has a market capitalization of $351.01 million, a price-to-earnings ratio of 13.82 and a beta of 0.62. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.87.

HCI Group (NYSE:HCI) last announced its earnings results on Tuesday, November 5th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.07. HCI Group had a net margin of 5.32% and a return on equity of 5.91%. The firm had revenue of $59.98 million for the quarter, compared to analyst estimates of $57.39 million. As a group, equities research analysts forecast that HCI Group will post 2.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.58%. HCI Group’s payout ratio is presently 49.54%.

Large investors have recently made changes to their positions in the business. Bank of Montreal Can grew its position in shares of HCI Group by 108.8% during the 2nd quarter. Bank of Montreal Can now owns 1,094 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 570 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of HCI Group during the 3rd quarter worth approximately $83,000. Assetmark Inc. grew its position in shares of HCI Group by 412.2% during the 2nd quarter. Assetmark Inc. now owns 2,259 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 1,818 shares in the last quarter. State of Tennessee Treasury Department grew its position in shares of HCI Group by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 3,660 shares of the insurance provider’s stock worth $154,000 after purchasing an additional 288 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of HCI Group by 119.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,028 shares of the insurance provider’s stock worth $211,000 after acquiring an additional 2,740 shares during the period. Hedge funds and other institutional investors own 61.25% of the company’s stock.

HCI Group Company Profile

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

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