Homeowners Choice Inc (NYSE:HCI) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $46.00.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Homeowners Choice from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. TheStreet upgraded Homeowners Choice from a “c” rating to a “b-” rating in a report on Tuesday, March 6th. Finally, ValuEngine upgraded Homeowners Choice from a “sell” rating to a “hold” rating in a report on Thursday, March 1st.
NYSE HCI traded down $0.39 on Thursday, reaching $38.49. 55,039 shares of the stock traded hands, compared to its average volume of 94,297. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $364.04, a P/E ratio of -51.32 and a beta of 1.88. Homeowners Choice has a 12 month low of $27.11 and a 12 month high of $49.25.
Homeowners Choice (NYSE:HCI) last announced its quarterly earnings data on Tuesday, March 6th. The insurance provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.32. Homeowners Choice had a negative return on equity of 3.21% and a negative net margin of 2.82%. The company had revenue of $61.62 million during the quarter, compared to the consensus estimate of $62.98 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. research analysts predict that Homeowners Choice will post 3.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 16th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.64%. Homeowners Choice’s dividend payout ratio is -186.67%.
Institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC acquired a new position in Homeowners Choice during the fourth quarter worth $130,000. Ellington Management Group LLC acquired a new stake in shares of Homeowners Choice in the fourth quarter valued at about $209,000. Municipal Employees Retirement System of Michigan grew its position in shares of Homeowners Choice by 155.7% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 7,850 shares of the insurance provider’s stock valued at $235,000 after purchasing an additional 4,780 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Homeowners Choice in the third quarter valued at about $244,000. Finally, Virtu Financial LLC acquired a new stake in shares of Homeowners Choice in the fourth quarter valued at about $248,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.
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Homeowners Choice 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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