Shares of HCI Group Inc (NYSE:HCI) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $46.00.

Several analysts have issued reports on HCI shares. Zacks Investment Research raised HCI Group from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. ValuEngine cut HCI Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, TheStreet cut HCI Group from a “b-” rating to a “c” rating in a research report on Thursday, September 28th.

Shares of HCI Group (HCI) opened at $35.00 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $342.37, a price-to-earnings ratio of -21.21 and a beta of 2.18. 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 earnings results on Thursday, November 2nd. The insurance provider reported ($4.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.52) by ($1.92). The company had revenue of $44.00 million for 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 was down 30.5% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. equities research analysts forecast that HCI Group will post -0.4 earnings per share for the current fiscal year.

HCI Group announced that its board has authorized a share buyback program on Wednesday, December 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other HCI Group news, Director Gregory Politis acquired 4,000 shares of the stock in a transaction dated Friday, December 15th. The stock was purchased at an average price of $29.62 per share, with a total value of $118,480.00. Following the transaction, the director now directly owns 194,000 shares of the company’s stock, valued at $5,746,280. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James J. Macchiarola acquired 6,000 shares of the stock in a transaction dated Monday, November 27th. The stock was acquired at an average cost of $30.44 per share, with a total value of $182,640.00. The disclosure for this purchase can be found here. Insiders bought a total of 13,000 shares of company stock valued at $391,360 in the last three months. Insiders own 20.37% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in shares of HCI Group by 42.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,453 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 731 shares in the last quarter. Brandywine Global Investment Management LLC boosted its position in shares of HCI Group by 11.4% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 3,230 shares of the insurance provider’s stock worth $152,000 after purchasing an additional 330 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of HCI Group in the 3rd quarter worth $202,000. Thrivent Financial For Lutherans boosted its position in shares of HCI Group by 3.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock worth $233,000 after purchasing an additional 160 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of HCI Group in the 3rd quarter worth $244,000. 76.38% of the stock is owned by hedge funds and other institutional investors.

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HCI Group Company Profile

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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