HCI Group, Inc. (NYSE:HCI) Receives Average Rating of “Buy” from Analysts

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

Several analysts have issued reports on the company. Weiss Ratings raised HCI Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Cantor Fitzgerald assumed coverage on HCI Group in a research report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 target price on the stock.

Institutional Trading of HCI Group

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of HCI Group by 11.5% during the 1st quarter. Bank of America Corp DE now owns 80,689 shares of the insurance provider’s stock worth $12,475,000 after purchasing an additional 8,292 shares in the last quarter. California State Teachers Retirement System raised its holdings in HCI Group by 28.4% in the 1st quarter. California State Teachers Retirement System now owns 14,136 shares of the insurance provider’s stock valued at $2,186,000 after acquiring an additional 3,123 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of HCI Group by 5.4% during the 1st quarter. Quantinno Capital Management LP now owns 3,030 shares of the insurance provider’s stock valued at $468,000 after acquiring an additional 156 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of HCI Group by 2,944.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 116,858 shares of the insurance provider’s stock worth $18,067,000 after purchasing an additional 113,019 shares in the last quarter. Finally, Sei Investments Co. increased its position 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 purchasing an additional 2,397 shares during the period. Institutional investors own 86.99% of the company’s stock.

HCI Group Stock Up 2.2%

Shares of HCI stock opened at $183.24 on Thursday. The firm has a fifty day moving average of $169.28 and a 200-day moving average of $163.03. 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 has a 12-month low of $136.37 and a 12-month high of $210.50. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 8.04 and a beta of 1.03.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, beating the consensus estimate of $5.26 by $0.19. The business 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%. As a group, equities research analysts predict that HCI Group will post 18.29 earnings per share for the current fiscal year.

HCI Group Announces Dividend

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

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.