HCI Group (NYSE:HCI) Stock Price Down 4.3% - Time to Sell?

HCI Group, Inc. (NYSE:HCI - Get Free Report)'s stock price was down 4.3% during mid-day trading on Monday . The stock traded as low as $160.99 and last traded at $161.22. Approximately 8,478 shares were traded during trading, a decline of 94% from the average daily volume of 137,312 shares. The stock had previously closed at $168.39.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HCI shares. JMP Securities boosted their target price on HCI Group from $210.00 to $225.00 and gave the company a "market outperform" rating in a research report on Monday, May 19th. Compass Point upgraded HCI Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $148.00 to $205.00 in a research report on Friday, May 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $181.25.

HCI Group Stock Up 2.5%

The company has a 50-day simple moving average of $154.13 and a 200-day simple moving average of $134.41. The firm has a market cap of $1.83 billion, a PE ratio of 13.26 and a beta of 1.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.49 by $0.86. The firm had revenue of $216.43 million during the quarter, compared to analyst estimates of $214.89 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. Analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. HCI Group's payout ratio is 15.47%.

Institutional Trading of HCI Group

A number of large investors have recently modified their holdings of the company. Caxton Associates LLP purchased a new stake in shares of HCI Group in the first quarter valued at approximately $491,000. Millennium Management LLC boosted its holdings in shares of HCI Group by 78.7% in the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider's stock valued at $15,278,000 after purchasing an additional 45,097 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of HCI Group by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider's stock valued at $736,000 after purchasing an additional 228 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of HCI Group by 69.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,718 shares of the insurance provider's stock valued at $555,000 after purchasing an additional 1,527 shares during the period. Finally, Hancock Whitney Corp purchased a new stake in shares of HCI Group in the first quarter valued at approximately $218,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Company Profile

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