HCI Group (NYSE:HCI) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

HCI Group, Inc. (NYSE:HCI)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $178.41 and traded as low as $160.95. HCI Group shares last traded at $161.1870, with a volume of 138,733 shares.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup reissued a “market outperform” rating on shares of HCI Group in a research report on Friday, January 16th. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of HCI Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $231.67.

HCI Group Stock Down 2.2%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 7.11 and a beta of 1.19. The firm’s 50-day moving average is $164.94 and its 200 day moving average is $178.41.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.87 by $2.38. HCI Group had a net margin of 33.19% and a return on equity of 36.34%. The company had revenue of $246.24 million for the quarter, compared to analyst estimates of $232.36 million. Sell-side analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. HCI Group’s dividend payout ratio (DPR) is presently 7.05%.

Hedge Funds Weigh In On HCI Group

A number of large investors have recently modified their holdings of the company. Marshall Wace LLP lifted its position in HCI Group by 107.3% during the 2nd quarter. Marshall Wace LLP now owns 158,224 shares of the insurance provider’s stock worth $24,082,000 after acquiring an additional 81,884 shares in the last quarter. Envestnet Asset Management Inc. grew its position in HCI Group by 175.0% in the third quarter. Envestnet Asset Management Inc. now owns 13,985 shares of the insurance provider’s stock valued at $2,684,000 after acquiring an additional 8,899 shares in the last quarter. American Century Companies Inc. raised its stake in shares of HCI Group by 15.2% during the second quarter. American Century Companies Inc. now owns 521,641 shares of the insurance provider’s stock valued at $79,394,000 after purchasing an additional 68,860 shares during the period. Sierra Summit Advisors LLC acquired a new position in shares of HCI Group during the second quarter worth $675,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of HCI Group by 20.2% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 36,235 shares of the insurance provider’s stock valued at $5,515,000 after purchasing an additional 6,090 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.