HCI Group, Inc. (NYSE:HCI – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $245.00.
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Zacks Research lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th.
View Our Latest Stock Report on HCI
Institutional Investors Weigh In On HCI Group
HCI Group Stock Performance
Shares of HCI stock opened at $157.69 on Wednesday. HCI Group has a 12 month low of $136.37 and a 12 month high of $210.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $2.01 billion, a P/E ratio of 6.92 and a beta of 1.08. The company’s fifty day moving average price is $154.60 and its two-hundred day moving average price is $164.81.
HCI Group (NYSE:HCI – Get Free Report) last issued its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. The business had revenue of $242.88 million for the quarter, compared to analyst estimates of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. On average, research analysts anticipate that HCI Group will post 18.07 earnings per share for the current fiscal year.
HCI Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th. HCI Group’s dividend payout ratio is 7.02%.
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.
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