HCI Group, Inc. (NYSE:HCI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of HCI Group, Inc. (NYSE:HCI) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $241.6667.

HCI has been the subject of a number of analyst reports. Citizens Jmp raised their price objective on HCI Group from $255.00 to $265.00 and gave the company a “market outperform” rating in a research report on Friday, August 7th. Citigroup reissued a “market outperform” rating on shares of HCI Group in a research note on Friday, August 7th. Cantor Fitzgerald initiated coverage on HCI Group in a report on Thursday, July 9th. They set an “overweight” rating and a $225.00 price target for the company. Weiss Ratings lowered HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th.

HCI Group Price Performance

Shares of NYSE HCI opened at $182.09 on Monday. HCI Group has a fifty-two week low of $144.75 and a fifty-two week high of $210.50. The company has a 50 day simple moving average of $178.21 and a two-hundred day simple moving average of $164.89. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 7.85 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.56. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. The firm had revenue of $246.65 million during the quarter, compared to analyst estimates of $247.43 million. Analysts expect that HCI Group will post 19.47 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company 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 annualized dividend and a yield of 0.9%. HCI Group’s payout ratio is 6.90%.

Institutional Investors Weigh In On HCI Group

Institutional investors have recently made changes to their positions in the company. Torren Management LLC bought a new stake in shares of HCI Group during the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC raised its holdings in HCI Group by 519.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 135 shares during the last quarter. Nykredit A S bought a new position in HCI Group in the 2nd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC lifted its position in HCI Group by 557.6% in the 2nd 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. Finally, Farther Finance Advisors LLC boosted its stake in HCI Group by 62.8% during the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 71 shares during the last quarter. Hedge funds and other 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.