HCI Group, Inc. (NYSE:HCI) Given Consensus Rating of “Moderate Buy” by Analysts

HCI Group, Inc. (NYSE:HCI) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $245.00.

Several research analysts have recently issued reports on HCI shares. Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Zacks Research cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd.

HCI Group Stock Down 0.2%

NYSE:HCI opened at $182.30 on Friday. The firm’s 50 day simple moving average is $160.53 and its 200 day simple moving average is $164.24. 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 has a one year low of $136.37 and a one year high of $210.50. The company has a market cap of $2.33 billion, a PE ratio of 8.00 and a beta of 1.03.

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 for the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. On average, research analysts anticipate that HCI Group will post 18.07 earnings per share for the current year.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 15th. HCI Group’s payout ratio is currently 7.02%.

Institutional Investors Weigh In On HCI Group

Hedge funds have recently modified their holdings of the business. Torren Management LLC bought a new position in HCI Group in the 4th quarter worth $26,000. Transamerica Financial Advisors LLC raised its position in shares of HCI Group by 519.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock valued at $31,000 after buying an additional 135 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in HCI Group by 557.6% during the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 184 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in HCI Group by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 71 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in HCI Group in the 1st quarter worth $46,000. 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.