HCI Group, Inc. (NYSE:HCI – Get Free Report) has received a consensus rating of “Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $127.75.
HCI has been the topic of a number of research analyst reports. StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. JMP Securities lifted their price objective on HCI Group from $120.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, May 9th. Finally, Oppenheimer reissued an “outperform” rating and issued a $140.00 target price on shares of HCI Group in a report on Friday, April 5th.
Check Out Our Latest Report on HCI Group
Institutional Investors Weigh In On HCI Group
HCI Group Price Performance
Shares of NYSE HCI opened at $95.61 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 0.61. HCI Group has a fifty-two week low of $48.84 and a fifty-two week high of $121.57. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 9.73 and a beta of 1.13. The company has a 50 day simple moving average of $92.81 and a two-hundred day simple moving average of $100.19.
HCI Group (NYSE:HCI – Get Free Report) last issued its earnings results on Wednesday, May 8th. The insurance provider reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.91. The business had revenue of $206.61 million during the quarter, compared to analyst estimates of $189.17 million. HCI Group had a return on equity of 40.30% and a net margin of 17.72%. Analysts expect that HCI Group will post 11.63 EPS for the current fiscal year.
HCI Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, August 16th. HCI Group’s payout ratio is 16.28%.
About HCI Group
HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.
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