HCI Group - HCI Stock Forecast, Price & News

HCI Group, Inc., together with its subsidiaries, engages in the property and casualty insurance, 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. The company also owns and operates waterfront properties and retail shopping centers, and an office building, as well as commercial properties for investment purposes. In addition, it designs and develops web-based applications and products for mobile devices, including SAMS, an online policy administration platform; Harmony, a policy administration platform; ClaimColony, an end-to-end claims management platform; and AtlasViewer, a mapping and data visualization platform. The company was formerly known as Homeowners Choice, Inc. and changed its name to HCI Group, Inc. in May 2013. HCI Group, Inc. was incorporated in 2006 and is headquartered in Tampa, Florida.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered HCI Group from a "hold" rating to a "sell" rating in a research note on Wednesday, August 3rd.

HCI Group Trading Down 0.6 %

Shares of HCI Stock traded down $0.36 on Friday, reaching $57.77. 74,392 shares of the company's stock were exchanged, compared to its average volume of 106,180. HCI Group has a 52 week low of $55.93 and a 52 week high of $139.80. The company has a current ratio of 0.64, a quick ratio of 0.94 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $584.63 million, a PE ratio of -34.80 and a beta of 0.69. The company's fifty day simple moving average is $66.12 and its 200 day simple moving average is $66.26.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 19th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 18th. HCI Group's dividend payout ratio (DPR) is presently -96.39%.

Insider Buying and Selling at HCI Group

In other news, Director Susan Watts bought 500 shares of the firm's stock in a transaction on Tuesday, June 21st. The stock was acquired at an average cost of $62.37 per share, with a total value of $31,185.00. Following the transaction, the director now directly owns 5,190 shares in the company, valued at approximately $323,700.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Susan Watts bought 500 shares of the firm's stock in a transaction on Tuesday, June 21st. The stock was acquired at an average cost of $62.37 per share, with a total value of $31,185.00. Following the transaction, the director now directly owns 5,190 shares in the company, valued at approximately $323,700.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren L. Valiente bought 429 shares of the firm's stock in a transaction on Thursday, August 11th. The shares were purchased at an average cost of $58.31 per share, with a total value of $25,014.99. Following the completion of the transaction, the director now owns 694 shares in the company, valued at $40,467.14. The disclosure for this purchase can be found here. 21.51% of the stock is currently owned by corporate insiders.