HCI Group (NYSE:HCI) Stock Price Down 3.9% – Should You Sell?

Shares of HCI Group, Inc. (NYSE:HCI) dropped 3.9% during trading on Wednesday . The stock traded as low as $171.75 and last traded at $172.85. 29,991 shares traded hands during trading, a decline of 82% from the average daily volume of 170,934 shares. The stock had previously closed at $179.94.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HCI shares. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Cantor Fitzgerald assumed coverage on HCI Group in a research note on Thursday, July 9th. They set an “overweight” rating and a $225.00 price objective for the company. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings raised HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, HCI Group currently has a consensus rating of “Buy” and a consensus price target of $238.33.

HCI Group Stock Down 2.5%

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.24 billion, a PE ratio of 7.70 and a beta of 1.03. The business’s 50-day moving average price is $164.11 and its 200-day moving average price is $163.62.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The firm had revenue of $242.88 million for the quarter, compared to analyst estimates of $245.09 million. As a group, equities research analysts predict that HCI Group, Inc. will post 18.41 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. HCI Group’s dividend payout ratio (DPR) is currently 7.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Torren Management LLC acquired a new position in HCI Group in the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its holdings in shares of HCI Group by 519.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock valued at $31,000 after buying an additional 135 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of HCI Group by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after buying an additional 71 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new position in HCI Group in the first quarter worth approximately $46,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.