HCI Group, Inc. (NYSE:HCI) Given Consensus Rating of “Buy” by Brokerages

Shares of HCI Group, Inc. (NYSE:HCIGet Free Report) have been assigned an average rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $238.3333.

HCI has been the topic of several research reports. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Cantor Fitzgerald began coverage on shares of HCI Group in a research report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 target price on the stock. Finally, Weiss Ratings raised shares of HCI Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday.

Get Our Latest Analysis on HCI

Hedge Funds Weigh In On HCI Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Torren Management LLC acquired a new stake in shares of HCI Group during the fourth quarter valued at about $26,000. Transamerica Financial Advisors LLC increased its stake in shares of HCI Group by 519.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock valued at $31,000 after buying an additional 135 shares during the period. Farther Finance Advisors LLC raised its holdings in HCI Group by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after buying an additional 71 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in HCI Group during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Performance

NYSE:HCI opened at $183.24 on Thursday. The stock’s 50-day simple moving average is $169.28 and its 200 day simple moving average is $163.03. The firm has a market capitalization of $2.34 billion, a PE ratio of 8.04 and a beta of 1.03. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. HCI Group has a twelve month low of $136.37 and a twelve month high of $210.50.

HCI Group (NYSE:HCIGet Free Report) last issued its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, topping the consensus estimate of $5.26 by $0.19. The firm had revenue of $242.88 million during the quarter, compared to the consensus estimate of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. On average, analysts anticipate that HCI Group will post 18.29 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. HCI Group’s payout ratio is currently 7.02%.

About HCI Group

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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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