HCI Group (NYSE:HCI) Stock Price Down 3.4% - What's Next?

HCI Group, Inc. (NYSE:HCI - Get Free Report)'s stock price fell 3.4% on Tuesday . The company traded as low as $164.02 and last traded at $165.50. 20,448 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 136,604 shares. The stock had previously closed at $171.28.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HCI. Compass Point upgraded shares of HCI Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $148.00 to $205.00 in a research report on Friday, May 30th. JMP Securities raised their target price on shares of HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a report on Monday, May 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $181.25.

HCI Group Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company's 50 day moving average is $153.26 and its 200 day moving average is $133.42. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 14.05 and a beta of 1.26.

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

HCI Group Dividend Announcement

The firm also recently disclosed 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 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 (DPR) is presently 15.47%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised 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 purchasing an additional 85 shares during the last quarter. Aquatic Capital Management LLC increased its stake in shares of HCI Group by 1.7% in the 4th quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider's stock valued at $664,000 after acquiring an additional 94 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of HCI Group by 1.0% in the 4th quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock valued at $1,223,000 after acquiring an additional 100 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of HCI Group by 1.6% in the 1st quarter. Martingale Asset Management L P now owns 10,893 shares of the insurance provider's stock valued at $1,626,000 after acquiring an additional 170 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of HCI Group by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider's stock valued at $736,000 after acquiring an additional 228 shares in the last quarter. 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.