HCI Group (HCI) Upgraded to “B-” at TheStreet

TheStreet upgraded shares of HCI Group (NYSE:HCI) from a c rating to a b- rating in a report issued on Tuesday.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised HCI Group from a hold rating to a buy rating and set a $40.00 price target for the company in a research note on Tuesday, February 6th. ValuEngine raised HCI Group from a sell rating to a hold rating in a research note on Thursday, March 1st. One 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 stock currently has a consensus rating of Hold and an average target price of $42.50.

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HCI Group (NYSE:HCI) opened at $40.94 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.61 and a current ratio of 0.79. The stock has a market capitalization of $408.98, a price-to-earnings ratio of -34.25 and a beta of 2.16. HCI Group has a one year low of $27.11 and a one year high of $49.25.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Tuesday, March 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.32. The firm had revenue of $61.62 million during the quarter, compared to analyst estimates of $62.98 million. HCI Group had a negative return on equity of 3.21% and a negative net margin of 2.82%. The firm’s quarterly revenue was down 14.9% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. equities research analysts predict that HCI Group will post 3.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, February 15th. HCI Group’s dividend payout ratio is presently -114.75%.

HCI Group announced that its board has authorized a stock repurchase program on Wednesday, December 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In related news, Director Gregory Politis acquired 4,000 shares of HCI Group stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $29.62 per share, with a total value of $118,480.00. Following the purchase, the director now directly owns 194,000 shares in the company, valued at approximately $5,746,280. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 20.37% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of HCI Group during the 4th quarter worth $130,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of HCI Group by 155.7% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 7,850 shares of the insurance provider’s stock worth $235,000 after acquiring an additional 4,780 shares in the last quarter. Millennium Management LLC boosted its stake 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 worth $6,544,000 after acquiring an additional 29,517 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of HCI Group during the 4th quarter worth $2,354,000. Finally, Two Sigma Advisers LP boosted its stake in shares of HCI Group by 17.9% during the 4th quarter. Two Sigma Advisers LP now owns 22,400 shares of the insurance provider’s stock worth $670,000 after acquiring an additional 3,400 shares in the last quarter. 68.07% of the stock is owned by institutional investors and hedge funds.

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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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