HCI Group, Inc. (NYSE:HCI) Receives $245.00 Consensus PT from Analysts

HCI Group, Inc. (NYSE:HCI) has earned an average recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $238.3333.

A number of equities analysts have commented on the stock. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Cantor Fitzgerald initiated coverage on HCI Group in a research report on Thursday. They set an “overweight” rating and a $225.00 price objective for the company.

HCI Group Stock Up 0.4%

Shares of HCI stock opened at $179.91 on Friday. The firm has a fifty day moving average of $162.47 and a 200-day moving average of $163.88. HCI Group has a 12-month low of $136.37 and a 12-month high of $210.50. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 7.90 and a beta of 1.03. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. The company had revenue of $242.88 million for the quarter, compared to the consensus estimate of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. As a group, equities research analysts predict that HCI Group will post 18.07 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, August 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. HCI Group’s dividend payout ratio is 7.02%.

Institutional Trading of HCI Group

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of HCI Group by 11.5% in the first quarter. Bank of America Corp DE now owns 80,689 shares of the insurance provider’s stock valued at $12,475,000 after buying an additional 8,292 shares during the period. California State Teachers Retirement System raised its position in shares of HCI Group by 28.4% during the first quarter. California State Teachers Retirement System now owns 14,136 shares of the insurance provider’s stock worth $2,186,000 after acquiring an additional 3,123 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of HCI Group by 5.4% in the first quarter. Quantinno Capital Management LP now owns 3,030 shares of the insurance provider’s stock worth $468,000 after acquiring an additional 156 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of HCI Group by 2,944.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 116,858 shares of the insurance provider’s stock worth $18,067,000 after acquiring an additional 113,019 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of HCI Group by 17.6% in the first quarter. Sei Investments Co. now owns 15,981 shares of the insurance provider’s stock worth $2,471,000 after acquiring an additional 2,397 shares during the period. Institutional investors own 86.99% of the company’s stock.

HCI Group Company Profile

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.