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 cut HCI Group from a "hold" rating to a "sell" rating in a research report on Wednesday, August 3rd.

HCI Group Stock Performance

NYSE:HCI traded up $1.95 on Monday, hitting $59.72. The company's stock had a trading volume of 653 shares, compared to its average volume of 106,179. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.88. The stock has a fifty day moving average of $66.12 and a two-hundred day moving average of $66.26. The firm has a market capitalization of $540.17 million, a P/E ratio of -36.13 and a beta of 0.69. HCI Group has a one year low of $55.93 and a one year high of $139.80.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 19th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, August 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.68%. HCI Group's dividend payout ratio (DPR) is currently -96.39%.

Insider Transactions at HCI Group

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