Shares of HCI Group, Inc. (NYSE:HCI – Get Free Report) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $231.6667.
A number of research firms recently issued reports on HCI. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. 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. Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Citigroup reiterated a “market outperform” rating on shares of HCI Group in a research note on Friday, January 16th.
Get Our Latest Research Report on HCI Group
HCI Group Stock Down 0.3%
HCI Group (NYSE:HCI – Get Free Report) last announced its quarterly 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. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The company had revenue of $242.88 million for the quarter, compared to analyst estimates of $245.09 million. On average, equities analysts anticipate that HCI Group will post 17.82 earnings per share for the current fiscal year.
HCI Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 15th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 15th. 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 7.02%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in HCI Group by 175.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,985 shares of the insurance provider’s stock worth $2,684,000 after purchasing an additional 8,899 shares during the last quarter. American Century Companies Inc. grew its position in HCI Group by 6.7% in the 3rd quarter. American Century Companies Inc. now owns 556,670 shares of the insurance provider’s stock worth $106,842,000 after purchasing an additional 35,029 shares during the last quarter. Quantbot Technologies LP acquired a new stake in HCI Group in the 3rd quarter worth $1,340,000. Principal Financial Group Inc. grew its position in HCI Group by 28.4% in the 3rd quarter. Principal Financial Group Inc. now owns 73,685 shares of the insurance provider’s stock worth $14,142,000 after purchasing an additional 16,287 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in HCI Group by 15.1% in the 3rd quarter. Vanguard Group Inc. now owns 807,454 shares of the insurance provider’s stock worth $154,975,000 after purchasing an additional 105,925 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.
HCI Group Company Profile
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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