HCI Group (NYSE:HCI) Trading Down 4.7% – Should You Sell?

HCI Group, Inc. (NYSE:HCI) shares were down 4.7% during mid-day trading on Friday . The stock traded as low as $115.36 and last traded at $115.36. Approximately 31,170 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 146,351 shares. The stock had previously closed at $121.00.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HCI. StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Compass Point reissued a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of HCI Group in a research report on Monday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

HCI Group Trading Down 4.5 %

The stock has a 50-day moving average price of $103.84 and a two-hundred day moving average price of $100.31. The stock has a market capitalization of $1.21 billion, a PE ratio of 11.76 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.63. The business had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. During the same quarter in the previous year, the firm earned $1.22 earnings per share. As a group, equities analysts forecast that HCI Group, Inc. will post 12.56 earnings per share for the current year.

Institutional Investors Weigh In On HCI Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new position in shares of HCI Group in the second quarter worth about $26,000. Gladius Capital Management LP bought a new position in HCI Group in the 2nd quarter worth approximately $31,000. GAMMA Investing LLC grew its holdings in HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after buying an additional 178 shares in the last quarter. CWM LLC raised its position in shares of HCI Group by 115.4% during the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after buying an additional 495 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of HCI Group by 49.1% in the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after buying an additional 300 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, 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.