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

Shares of HCI Group, Inc. (NYSE:HCI) have earned a consensus recommendation of “Buy” from the five ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $124.00.

A number of equities research analysts have issued reports on HCI shares. Truist Financial increased their target price on shares of HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Oppenheimer restated an “outperform” rating and issued a $140.00 price objective on shares of HCI Group in a report on Friday, April 5th. William Blair upgraded shares of HCI Group from a “market perform” rating to an “outperform” rating in a report on Friday, March 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $120.00 target price on shares of HCI Group in a research report on Monday. Finally, Compass Point increased their target price on shares of HCI Group from $90.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th.

Insiders Place Their Bets

In related news, CEO Paresh Patel bought 500 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was purchased at an average cost of $111.00 per share, for a total transaction of $55,500.00. Following the completion of the acquisition, the chief executive officer now owns 349,500 shares in the company, valued at $38,794,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Paresh Patel bought 500 shares of HCI Group stock in a transaction dated Thursday, April 11th. The shares were acquired at an average cost of $111.00 per share, with a total value of $55,500.00. Following the completion of the transaction, the chief executive officer now owns 349,500 shares in the company, valued at approximately $38,794,500. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anthony Saravanos sold 20,873 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $116.78, for a total transaction of $2,437,548.94. Following the transaction, the insider now directly owns 30,000 shares in the company, valued at $3,503,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,102 shares of company stock worth $13,198,303. Insiders own 25.25% of the company’s stock.

Institutional Trading of HCI Group

Institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in HCI Group in the 4th quarter valued at about $28,000. FMR LLC lifted its holdings in HCI Group by 80.7% in the 1st quarter. FMR LLC now owns 468 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 209 shares during the last quarter. Captrust Financial Advisors lifted its stake in HCI Group by 112.7% during the first quarter. Captrust Financial Advisors now owns 485 shares of the insurance provider’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. Cerity Partners LLC purchased a new stake in HCI Group during the first quarter valued at about $383,000. Finally, Point72 Hong Kong Ltd lifted its stake in HCI Group by 1,807.1% during the second quarter. Point72 Hong Kong Ltd now owns 534 shares of the insurance provider’s stock valued at $36,000 after buying an additional 506 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

HCI Group stock opened at $111.93 on Wednesday. The firm has a 50 day simple moving average of $106.42 and a 200-day simple moving average of $88.15. HCI Group has a 1-year low of $48.08 and a 1-year high of $121.57. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 14.81 and a beta of 1.14.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 EPS for the quarter, topping the consensus estimate of $1.41 by $1.81. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. The firm had revenue of $162.67 million for the quarter, compared to analyst estimates of $146.09 million. During the same period in the prior year, the business posted $0.06 EPS. On average, analysts expect that HCI Group will post 10.33 EPS for the current year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, February 15th. HCI Group’s dividend payout ratio (DPR) is 21.16%.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.