HCI Group, Inc. (NYSE:HCI) Receives $230.00 Average Price Target from Analysts

HCI Group, Inc. (NYSE:HCI) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $230.00.

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of HCI Group in a research note on Monday, December 29th. Zacks Research downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Truist Financial increased their price objective on shares of HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of HCI Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a research note on Friday, January 16th.

Hedge Funds Weigh In On HCI Group

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in HCI Group by 15.1% during 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 in the last quarter. Danske Bank A S purchased a new stake in HCI Group during the third quarter worth approximately $19,256,000. Marshall Wace LLP increased its position in shares of HCI Group by 107.3% in the second quarter. Marshall Wace LLP now owns 158,224 shares of the insurance provider’s stock worth $24,082,000 after acquiring an additional 81,884 shares in the last quarter. American Century Companies Inc. raised its stake in shares of HCI Group by 15.2% in the 2nd quarter. American Century Companies Inc. now owns 521,641 shares of the insurance provider’s stock valued at $79,394,000 after acquiring an additional 68,860 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of 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 valued at $28,222,000 after acquiring an additional 59,134 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

HCI Group Price Performance

HCI Group stock opened at $161.01 on Thursday. The stock has a market capitalization of $2.09 billion, a P/E ratio of 10.28 and a beta of 1.21. HCI Group has a 12-month low of $115.65 and a 12-month high of $210.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50-day moving average is $175.62 and its two-hundred day moving average is $176.08.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 20th. 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 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.