HCI Group, Inc. (HCI) Downgraded to “Sell” at BidaskClub
BidaskClub cut shares of HCI Group, Inc. (NYSE:HCI) from a hold rating to a sell rating in a report issued on Tuesday.
Several other equities analysts have also issued reports on HCI. Keefe, Bruyette & Woods reiterated a hold rating and issued a $38.00 price objective on shares of HCI Group in a research report on Monday, March 27th. SunTrust Banks, Inc. initiated coverage on HCI Group in a research report on Friday, April 7th. They issued a buy rating and a $52.00 price objective for the company. TheStreet upgraded HCI Group from a c rating to a b- rating in a research report on Thursday, May 4th. ValuEngine upgraded HCI Group from a buy rating to a strong-buy rating in a research report on Tuesday, June 6th. Finally, Zacks Investment Research upgraded HCI Group from a hold rating to a buy rating and set a $49.00 price objective for the company in a research report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $45.25.
HCI Group (NYSE HCI) traded up 1.96% during mid-day trading on Tuesday, hitting $44.75. 57,735 shares of the company traded hands. HCI Group has a one year low of $24.35 and a one year high of $50.93. The company has a market capitalization of $441.41 million, a price-to-earnings ratio of 12.99 and a beta of 2.37. The company’s 50-day moving average price is $46.28 and its 200 day moving average price is $45.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a $0.35 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.13%. HCI Group’s dividend payout ratio is presently 40.82%.
Several institutional investors have recently modified their holdings of the stock. Comerica Bank raised its position in shares of HCI Group by 4.3% in the fourth quarter. Comerica Bank now owns 9,045 shares of the insurance provider’s stock valued at $356,000 after buying an additional 377 shares in the last quarter. State Street Corp raised its position in shares of HCI Group by 7.7% in the fourth quarter. State Street Corp now owns 197,142 shares of the insurance provider’s stock valued at $7,785,000 after buying an additional 14,102 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of HCI Group by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 677,682 shares of the insurance provider’s stock valued at $26,754,000 after buying an additional 65,148 shares in the last quarter. Guggenheim Capital LLC acquired a new position in shares of HCI Group during the fourth quarter valued at about $1,896,000. Finally, Capstone Asset Management Co. acquired a new position in shares of HCI Group during the first quarter valued at about $222,000. Institutional investors and hedge funds own 75.15% of the company’s stock.
About HCI Group
HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.
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