HCI Group (NYSE:HCI) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of HCI Group (NYSE:HCI) in a report released on Thursday, MarketBeat.com reports. The firm issued an overweight rating and a $225.00 target price on the insurance provider’s stock.

Several other equities analysts also recently weighed in on HCI. Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $238.33.

HCI Group Stock Performance

HCI Group stock opened at $179.91 on Thursday. HCI Group has a 1-year low of $136.37 and a 1-year high of $210.50. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 7.90 and a beta of 1.03. The firm has a 50 day simple moving average of $162.47 and a 200-day simple moving average of $163.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $5.26 by $0.19. The company had revenue of $242.88 million during the quarter, compared to analyst estimates of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. On average, analysts expect that HCI Group will post 18.07 EPS for the current year.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. HCI Group’s dividend payout ratio (DPR) is 7.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HCI. Torren Management LLC acquired a new stake in shares of HCI Group in the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC grew its position in shares of HCI Group by 519.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 135 shares during the period. EverSource Wealth Advisors LLC increased its stake in HCI Group by 557.6% in the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 184 shares during the last quarter. Farther Finance Advisors LLC lifted its position in HCI Group by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after buying an additional 71 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in shares of HCI Group in the first quarter worth approximately $46,000. Institutional investors and hedge funds 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.