Shares of HCI Group, Inc. (NYSE:HCI – Get Free Report) have received an average recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $241.67.
A number of analysts have weighed in on HCI shares. Truist Financial set a $235.00 price target on HCI Group in a report on Thursday, October 1st. Citigroup reissued a “market outperform” rating on shares of HCI Group in a research report on Friday, August 7th. Weiss Ratings downgraded HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Cantor Fitzgerald initiated coverage on HCI Group in a research report on Thursday, July 9th. They set an “overweight” rating and a $225.00 target price on the stock. Finally, Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th.
View Our Latest Stock Analysis on HCI Group
HCI Group Trading Up 1.1%
NYSE:HCI opened at $198.57 on Tuesday. HCI Group has a 52 week low of $144.75 and a 52 week high of $210.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69. The firm’s fifty day moving average is $185.72 and its 200-day moving average is $171.82. The firm has a market cap of $2.47 billion, a P/E ratio of 8.56 and a beta of 1.05.
HCI Group (NYSE:HCI – Get Free Report) last announced its earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.56. The business had revenue of $246.65 million during the quarter, compared to the consensus estimate of $247.43 million. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. Equities analysts expect that HCI Group will post 21.04 earnings per share for the current year.
Hedge Funds Weigh In On HCI Group
A number of institutional investors and hedge funds have recently modified their holdings of HCI. Bank of America Corp DE bought a new stake in shares of HCI Group in the 2nd quarter valued at $17,422,000. Canada Pension Plan Investment Board acquired a new position in shares of HCI Group during the 2nd quarter valued at $719,000. Legal & General Group Plc acquired a new position in shares of HCI Group during the 2nd quarter valued at $4,650,000. The Manufacturers Life Insurance Company acquired a new position in shares of HCI Group during the 2nd quarter valued at $981,000. Finally, Odyssean LLC boosted its stake in HCI Group by 112.4% during the second quarter. Odyssean LLC now owns 18,528 shares of the insurance provider’s stock worth $3,247,000 after acquiring an additional 9,805 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.
HCI Group Company Profile
HCI Group, Inc is a holding company headquartered in Tampa, Florida, that operates businesses in property and casualty insurance, real estate, and insurance-related technology. Its principal activities center on providing property insurance products for residential policyholders, with an emphasis on coverage for homeowners and other property owners.
HCI’s insurance operations have historically served customers primarily in Florida and other U.S. markets through affiliated insurance companies, including Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company.
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