HCI Group, Inc. (NYSE:HCI) Receives $140.00 Average Price Target from Analysts

HCI Group, Inc. (NYSE:HCI) has earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $140.00.

A number of analysts have recently weighed in on HCI shares. Compass Point reaffirmed a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of HCI Group in a research note on Monday, October 21st. JMP Securities reissued a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Oppenheimer increased their target price on shares of HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Truist Financial reissued a “buy” rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th.

HCI Group Trading Up 2.4 %

Shares of NYSE:HCI opened at $124.64 on Friday. The company has a 50 day moving average of $115.03 and a 200-day moving average of $105.88. The firm has a market cap of $1.31 billion, a P/E ratio of 10.41 and a beta of 1.13. HCI Group has a twelve month low of $83.64 and a twelve month high of $126.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, November 7th. The insurance provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. The company had revenue of $175.32 million during the quarter, compared to analyst estimates of $192.08 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. During the same period in the prior year, the business posted $1.41 EPS. As a group, analysts anticipate that HCI Group will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. HCI Group’s dividend payout ratio is currently 13.37%.

Institutional Investors Weigh In On HCI Group

A number of large investors have recently made changes to their positions in the company. Hood River Capital Management LLC raised its holdings in shares of HCI Group by 6.3% during the second quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider’s stock valued at $70,745,000 after acquiring an additional 45,668 shares during the period. Khrom Capital Management LLC raised its holdings in shares of HCI Group by 225.3% during the second quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock valued at $54,123,000 after acquiring an additional 406,698 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of HCI Group by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 339,951 shares of the insurance provider’s stock valued at $31,333,000 after acquiring an additional 17,077 shares during the period. State Street Corp increased its stake in HCI Group by 7.7% in the 3rd quarter. State Street Corp now owns 291,244 shares of the insurance provider’s stock valued at $31,181,000 after buying an additional 20,910 shares during the period. Finally, Geode Capital Management LLC increased its stake in HCI Group by 28.7% in the 3rd quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider’s stock valued at $23,538,000 after buying an additional 48,969 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

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.