HCI Group Inc (NYSE:HCI) – Investment analysts at SunTrust Banks lowered their FY2018 earnings per share (EPS) estimates for shares of HCI Group in a research report issued to clients and investors on Tuesday, November 6th. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings per share of $3.50 for the year, down from their previous estimate of $3.91. SunTrust Banks also issued estimates for HCI Group’s Q4 2018 earnings at $0.37 EPS, Q2 2019 earnings at $1.26 EPS and Q4 2019 earnings at $1.27 EPS.
Several other research analysts also recently commented on HCI. TheStreet upgraded shares of HCI Group from a “c” rating to a “b-” rating in a research report on Wednesday. Zacks Investment Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a research note on Friday. Finally, JMP Securities boosted their target price on shares of HCI Group from $48.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 10th.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, November 16th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.77%. HCI Group’s payout ratio is presently -200.00%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of HCI Group by 2.4% during the first quarter. Principal Financial Group Inc. now owns 60,733 shares of the insurance provider’s stock worth $2,318,000 after buying an additional 1,441 shares during the last quarter. American Research & Management Co. grew its stake in shares of HCI Group by 4.5% during the second quarter. American Research & Management Co. now owns 35,700 shares of the insurance provider’s stock worth $1,484,000 after buying an additional 1,550 shares during the last quarter. HGK Asset Management Inc. grew its stake in shares of HCI Group by 19.5% during the second quarter. HGK Asset Management Inc. now owns 9,655 shares of the insurance provider’s stock worth $401,000 after buying an additional 1,578 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in shares of HCI Group by 3.7% during the third quarter. Essex Investment Management Co. LLC now owns 48,090 shares of the insurance provider’s stock worth $2,104,000 after buying an additional 1,712 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of HCI Group during the second quarter worth $174,000. 68.16% of the stock is currently owned by hedge funds and other institutional investors.
HCI Group Company Profile
HCI Group, Inc primarily engages in the property and casualty insurance business in Florida. It provides property and casualty insurance to homeowners, condominium owners, and tenants; and reinsurance. The company also owns and operates one full-service restaurant, two marinas, two retail shopping centers, and one office building.
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