HCI Group (NYSE:HCI) Upgraded to Strong-Buy by ValuEngine

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

Several other research firms have also recently commented on HCI. TheStreet cut shares of HCI Group from a b rating to a c+ rating in a research report on Tuesday, November 5th. Zacks Investment Research cut shares of HCI Group from a hold rating to a sell rating in a research report on Tuesday, October 22nd.

HCI traded up $0.44 during trading on Friday, hitting $44.65. The company had a trading volume of 68,434 shares, compared to its average volume of 61,929. The company has a market capitalization of $351.01 million, a PE ratio of 13.82 and a beta of 0.62. HCI Group has a one year low of $36.72 and a one year high of $59.32. The firm’s 50-day moving average price is $41.99 and its 200 day moving average price is $41.38. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.87.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $59.98 million for the quarter, compared to analysts’ expectations of $57.39 million. HCI Group had a net margin of 5.32% and a return on equity of 5.91%. Sell-side analysts forecast that HCI Group will post 2.8 earnings per share for the current year.

The firm also recently declared 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 annualized dividend and a yield of 3.58%. HCI Group’s dividend payout ratio (DPR) is presently 49.54%.

A number of large investors have recently modified their holdings of HCI. Bank of Montreal Can lifted its position in 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 buying an additional 570 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in HCI Group during the 3rd quarter worth about $83,000. Assetmark Inc. lifted its position in 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 buying an additional 1,818 shares in the last quarter. State of Tennessee Treasury Department lifted its position in 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 buying an additional 288 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in 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 buying an additional 2,740 shares in the last quarter. 61.25% of the stock is currently owned by hedge funds and other institutional investors.

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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