HCI Group, Inc. (NYSE:HCI) Receives $231.67 Consensus Target Price from Analysts

HCI Group, Inc. (NYSE:HCI) has received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $231.6667.

Several brokerages have commented on HCI. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of HCI Group in a report on Monday, December 29th. Finally, Citigroup reiterated a “market outperform” rating on shares of HCI Group in a research note on Friday, January 16th.

Institutional Investors Weigh In On HCI Group

Several institutional investors have recently modified their holdings of HCI. Rockefeller Capital Management L.P. grew its holdings in shares of HCI Group by 909.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 646 shares of the insurance provider’s stock worth $124,000 after acquiring an additional 582 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in HCI Group by 464.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 627 shares of the insurance provider’s stock valued at $120,000 after purchasing an additional 516 shares in the last quarter. Invesco Ltd. raised its holdings in HCI Group by 14.1% during the fourth quarter. Invesco Ltd. now owns 145,086 shares of the insurance provider’s stock worth $27,812,000 after purchasing an additional 17,883 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in HCI Group by 30.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 14,526 shares of the insurance provider’s stock worth $2,784,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in HCI Group by 0.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,253 shares of the insurance provider’s stock valued at $2,157,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Stock Down 0.2%

HCI opened at $154.90 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. HCI Group has a 12 month low of $129.58 and a 12 month high of $210.50. The stock has a market capitalization of $2.01 billion, a P/E ratio of 6.83 and a beta of 1.19. The business has a 50 day simple moving average of $160.63 and a 200-day simple moving average of $176.96.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.87 by $2.38. The firm had revenue of $246.24 million for the quarter, compared to analyst estimates of $232.36 million. HCI Group had a return on equity of 36.34% and a net margin of 33.19%. On average, equities analysts anticipate that HCI Group will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 20th were issued a $0.40 dividend. The ex-dividend date of this dividend was 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 7.05%.

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.