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

HCI Group, Inc. (NYSE:HCI) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $230.00.

Several research firms recently weighed in on HCI. Oppenheimer downgraded HCI Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th. Wall Street Zen raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of HCI Group in a research report on Monday, December 15th. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, Citizens Jmp lifted their price objective on shares of HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a report on Monday, November 10th.

Institutional Investors Weigh In On HCI Group

A number of institutional investors have recently added to or reduced their stakes in HCI. American Century Companies Inc. grew its holdings in HCI Group by 168.8% in the first quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider’s stock worth $67,569,000 after purchasing an additional 284,315 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of HCI Group by 15.1% during the 3rd quarter. Vanguard Group Inc. now owns 807,454 shares of the insurance provider’s stock valued at $154,975,000 after purchasing an additional 105,925 shares during the last quarter. Danske Bank A S acquired a new stake in shares of HCI Group in the 3rd quarter worth $19,256,000. Marshall Wace LLP grew its stake in HCI Group by 107.3% during the 2nd quarter. Marshall Wace LLP now owns 158,224 shares of the insurance provider’s stock worth $24,082,000 after buying an additional 81,884 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in HCI Group by 46.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 185,430 shares of the insurance provider’s stock worth $28,222,000 after buying an additional 59,134 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Stock Up 0.1%

Shares of NYSE HCI opened at $189.76 on Wednesday. HCI Group has a 52-week low of $106.89 and a 52-week high of $210.50. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 12.12 and a beta of 1.20. The stock has a 50 day moving average price of $186.87 and a 200 day moving average price of $169.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, November 6th. The insurance provider reported $4.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $2.46. HCI Group had a return on equity of 31.18% and a net margin of 24.97%.The business had revenue of $216.35 million during the quarter, compared to analyst estimates of $223.53 million. Sell-side analysts expect that HCI Group will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, November 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, November 21st. HCI Group’s payout ratio is presently 10.22%.

About HCI Group

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.