HCI Group, Inc. (NYSE:HCI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

HCI Group, Inc. (NYSE:HCIGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $245.00.

Several research firms have commented on HCI. Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Zacks Research cut HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd.

View Our Latest Stock Report on HCI

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of HCI Group by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock valued at $160,947,000 after acquiring an additional 32,167 shares during the period. State Street Corp raised its position in HCI Group by 4.7% in the 4th quarter. State Street Corp now owns 384,788 shares of the insurance provider’s stock worth $73,760,000 after purchasing an additional 17,299 shares during the period. Dimensional Fund Advisors LP raised its position in HCI Group by 11.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 354,884 shares of the insurance provider’s stock worth $54,870,000 after purchasing an additional 36,348 shares during the period. Wellington Management Group LLP lifted its stake in HCI Group by 16.7% in the third quarter. Wellington Management Group LLP now owns 352,935 shares of the insurance provider’s stock worth $67,739,000 after purchasing an additional 50,378 shares during the last quarter. Finally, Freestone Grove Partners LP boosted its position in shares of HCI Group by 353.6% during the fourth quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider’s stock valued at $52,735,000 after buying an additional 214,464 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Stock Performance

NYSE:HCI opened at $182.30 on Friday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 8.00 and a beta of 1.03. HCI Group has a 1 year low of $136.37 and a 1 year high of $210.50. The stock’s 50 day simple moving average is $160.53 and its two-hundred day simple moving average is $164.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82.

HCI Group (NYSE:HCIGet Free Report) last posted its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. HCI Group had a return on equity of 30.88% and a net margin of 32.64%.The firm had revenue of $242.88 million during the quarter, compared to the consensus estimate of $245.09 million. As a group, equities analysts anticipate that HCI Group will post 18.07 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. HCI Group’s payout ratio is currently 7.02%.

HCI Group Company Profile

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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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Analyst Recommendations for HCI Group (NYSE:HCI)

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