HCI Group (HCI) Upgraded by TheStreet to “B-“

TheStreet upgraded shares of HCI Group (NYSE:HCI) from a c rating to a b- rating in a research report sent to investors on Wednesday morning.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of HCI Group from a hold rating to a buy rating and set a $44.00 target price on the stock in a report on Thursday, August 9th. JMP Securities lifted their target price on shares of HCI Group from $48.00 to $50.00 and gave the company a market outperform rating in a report on Wednesday, October 10th.

Shares of NYSE:HCI opened at $54.19 on Wednesday. The stock has a market capitalization of $470.91 million, a PE ratio of -72.25 and a beta of 1.36. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 1.29. HCI Group has a fifty-two week low of $28.70 and a fifty-two week high of $54.32.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, November 15th. HCI Group’s payout ratio is -200.00%.

Several large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of HCI Group in the second quarter valued at about $174,000. Aperio Group LLC acquired a new stake in shares of HCI Group in the second quarter valued at about $236,000. HGK Asset Management Inc. lifted its stake in shares of HCI Group by 19.5% in the second quarter. HGK Asset Management Inc. now owns 9,655 shares of the insurance provider’s stock valued at $401,000 after purchasing an additional 1,578 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of HCI Group in the third quarter valued at about $540,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of HCI Group in the second quarter valued at about $837,000. 68.16% of the stock is currently owned by institutional investors and hedge funds.

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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