HCI Group (NYSE:HCI) Trading Down 3.4% - Here's Why

Shares of HCI Group, Inc. (NYSE:HCI - Get Free Report) dropped 3.4% during trading on Tuesday . The stock traded as low as $164.02 and last traded at $165.50. Approximately 20,448 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 136,604 shares. The stock had previously closed at $171.28.

Analyst Ratings Changes

HCI has been the topic of several recent analyst reports. JMP Securities raised their target price on shares of HCI Group from $210.00 to $225.00 and gave the company a "market outperform" rating in a report on Monday, May 19th. Compass Point raised shares of HCI Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $148.00 to $205.00 in a research note on Friday, May 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $181.25.

HCI Group Stock Up 1.5%

The firm's fifty day moving average is $152.45 and its 200-day moving average is $132.61. The company has a market capitalization of $1.94 billion, a P/E ratio of 14.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.

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

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. HCI Group's dividend payout ratio is currently 15.47%.

Institutional Trading of HCI Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in HCI Group by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock worth $89,000 after acquiring an additional 85 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of HCI Group by 825.7% in the 1st quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider's stock valued at $97,000 after buying an additional 578 shares during the last quarter. Simplex Trading LLC bought a new stake in shares of HCI Group in the 1st quarter valued at about $148,000. KLP Kapitalforvaltning AS bought a new stake in HCI Group in the fourth quarter valued at approximately $175,000. Finally, Cresset Asset Management LLC bought a new stake in HCI Group in the first quarter valued at approximately $209,000. 86.99% of the stock is currently owned by institutional investors.

About HCI Group

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.