Analysts Set HCI Group, Inc. (NYSE:HCI) Target Price at $127.75

HCI Group, Inc. (NYSE:HCI) 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.

Institutional Investors Weigh In On HCI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCI. Khrom Capital Management LLC boosted its position in shares of HCI Group by 792.2% in the first quarter. Khrom Capital Management LLC now owns 180,506 shares of the insurance provider’s stock worth $20,953,000 after purchasing an additional 160,274 shares during the period. Wellington Management Group LLP bought a new position in HCI Group in the 4th quarter worth $5,633,000. Assenagon Asset Management S.A. increased its stake in HCI Group by 344.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 72,022 shares of the insurance provider’s stock worth $8,360,000 after buying an additional 55,817 shares in the last quarter. West Coast Financial LLC bought a new stake in HCI Group during the second quarter valued at about $3,407,000. Finally, Vanguard Group Inc. lifted its position in shares of HCI Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock valued at $58,034,000 after acquiring an additional 31,234 shares in the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

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) 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.