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

Shares of HCI Group, Inc. (NYSE:HCI) have been given a consensus rating of “Buy” by the seven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $231.6667.

HCI has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of HCI Group in a research report on Monday, December 29th. Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Finally, Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th.

Institutional Trading of HCI Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCI. Royal Bank of Canada raised its stake in HCI Group by 5.5% during the 1st quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock valued at $2,093,000 after acquiring an additional 727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of HCI Group by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock valued at $736,000 after purchasing an additional 228 shares during the last quarter. Millennium Management LLC grew its stake in shares of HCI Group by 78.7% in the 1st quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock valued at $15,278,000 after purchasing an additional 45,097 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of HCI Group by 6.4% in the second quarter. Geode Capital Management LLC now owns 241,881 shares of the insurance provider’s stock valued at $36,819,000 after purchasing an additional 14,583 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of HCI Group by 9.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 1,931 shares of the insurance provider’s stock worth $294,000 after purchasing an additional 168 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Stock Performance

Shares of HCI Group stock opened at $153.22 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. HCI Group has a 52 week low of $129.58 and a 52 week high of $210.50. The firm’s 50 day moving average is $160.14 and its two-hundred day moving average is $176.64. The firm has a market capitalization of $1.99 billion, a P/E ratio of 6.76 and a beta of 1.16.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share for the quarter, topping the consensus estimate of $4.87 by $2.38. The business had revenue of $246.24 million during the quarter, compared to the consensus estimate of $232.36 million. HCI Group had a net margin of 33.19% and a return on equity of 36.34%. Research analysts forecast that HCI Group will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 20th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. HCI Group’s dividend payout ratio is 7.05%.

About HCI Group

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.