HCI Group (NYSE:HCI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “HCI Group, Inc. is a holding company that conducts its business activities through its subsidiaries. It is engaged in diverse business activities, including property and casualty insurance, information technology, real estate and reinsurance. The company, through its largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., provides property and casualty insurance. Its insurance product includes property and casualty homeowners insurance, condominium-owners’ insurance and tenants insurance to individuals owning property. HCI Group, Inc., formerly known as Homeowners Choice, Inc., is headquartered in Tampa, Florida. “

Separately, TheStreet upgraded shares of HCI Group from a “c” rating to a “b-” rating in a research note on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.33.

Shares of HCI opened at $41.79 on Wednesday. The firm has a market cap of $388.21 million, a price-to-earnings ratio of -55.72 and a beta of 1.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. HCI Group has a 1-year low of $27.11 and a 1-year high of $48.42.

HCI Group (NYSE:HCI) last announced its earnings results on Tuesday, May 1st. The insurance provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.25. The business had revenue of $57.74 million during the quarter, compared to analyst estimates of $60.44 million. HCI Group had a negative net margin of 3.46% and a negative return on equity of 3.02%. sell-side analysts expect that HCI Group will post 3.89 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of HCI Group by 2.5% in the 4th quarter. BlackRock Inc. now owns 1,077,636 shares of the insurance provider’s stock worth $32,220,000 after purchasing an additional 26,015 shares in the last quarter. Deutsche Bank AG increased its stake in shares of HCI Group by 1.8% in the 4th quarter. Deutsche Bank AG now owns 598,369 shares of the insurance provider’s stock worth $17,889,000 after purchasing an additional 10,655 shares in the last quarter. Wasatch Advisors Inc. purchased a new stake in shares of HCI Group in the 1st quarter worth $11,082,000. Millennium Management LLC increased its stake in shares of HCI Group by 15.6% in the 4th quarter. Millennium Management LLC now owns 218,861 shares of the insurance provider’s stock worth $6,544,000 after purchasing an additional 29,517 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of HCI Group by 44.7% in the 1st quarter. JPMorgan Chase & Co. now owns 95,076 shares of the insurance provider’s stock worth $3,628,000 after purchasing an additional 29,366 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

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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