ValuEngine lowered shares of HCI Group, Inc. (NYSE:HCI) from a hold rating to a sell rating in a research report released on Thursday morning.

Other research analysts also recently issued research reports about the company. Sidoti upgraded HCI Group from a neutral rating to a buy rating and set a $40.00 price objective for the company in a research note on Monday, September 11th. TheStreet downgraded HCI Group from a b- rating to a c rating in a research note on Thursday, September 28th. BidaskClub cut HCI Group from a hold rating to a sell rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research cut HCI Group from a hold rating to a sell rating in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $43.33.

Shares of HCI Group (HCI) traded up $0.18 during trading hours on Thursday, reaching $33.03. The company’s stock had a trading volume of 124,607 shares, compared to its average volume of 108,124. The company has a quick ratio of 1.15, a current ratio of 0.61 and a debt-to-equity ratio of 1.22. HCI Group has a 52-week low of $27.11 and a 52-week high of $50.93.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.52) by ($1.92). The business had revenue of $44.00 million during the quarter, compared to the consensus estimate of $66.46 million. HCI Group had a negative net margin of 5.63% and a negative return on equity of 6.34%. The firm’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. equities analysts forecast that HCI Group will post -0.4 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.24%. HCI Group’s dividend payout ratio is presently -84.85%.

In other news, CEO Paresh Patel purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average price of $36.06 per share, with a total value of $36,060.00. Following the transaction, the chief executive officer now directly owns 227,000 shares of the company’s stock, valued at $8,185,620. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 1,565 shares of company stock worth $56,894 in the last ninety days. Insiders own 20.37% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of HCI. Parametric Portfolio Associates LLC lifted its holdings in HCI Group by 40.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 9,249 shares of the insurance provider’s stock worth $422,000 after purchasing an additional 2,666 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in HCI Group by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 64,865 shares of the insurance provider’s stock worth $2,957,000 after purchasing an additional 2,865 shares in the last quarter. California Public Employees Retirement System lifted its holdings in HCI Group by 9.7% during the 1st quarter. California Public Employees Retirement System now owns 32,800 shares of the insurance provider’s stock worth $1,495,000 after purchasing an additional 2,900 shares in the last quarter. Legal & General Group Plc lifted its holdings in HCI Group by 1.6% during the 1st quarter. Legal & General Group Plc now owns 14,147 shares of the insurance provider’s stock worth $644,000 after purchasing an additional 221 shares in the last quarter. Finally, Thrivent Financial For Lutherans purchased a new stake in HCI Group during the 1st quarter worth about $218,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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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