HCI Group, Inc. (NYSE:HCI) Receives $231.67 Average Price Target from Brokerages

HCI Group, Inc. (NYSE:HCI) has been given an average rating of “Buy” by the seven analysts that are presently covering the firm, Marketbeat.com reports. One 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 12-month price objective among brokers that have covered the stock in the last year is $231.6667.

Several equities analysts have recently weighed in on the company. Wall Street Zen cut HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings raised HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th.

HCI Group Stock Performance

HCI Group stock opened at $158.35 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.02 billion, a P/E ratio of 6.95 and a beta of 1.09. The stock’s 50 day moving average is $155.20 and its 200 day moving average is $167.71. HCI Group has a twelve month low of $136.37 and a twelve month high of $210.50.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $5.26 by $0.19. HCI Group had a return on equity of 30.88% and a net margin of 32.64%.The company had revenue of $242.88 million for the quarter, compared to the consensus estimate of $245.09 million. On average, equities research analysts predict that HCI Group will post 17.82 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. HCI Group’s dividend payout ratio (DPR) is currently 7.02%.

Institutional Investors Weigh In On HCI Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its position in shares of HCI Group by 5.5% during the first quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock valued at $2,093,000 after purchasing an additional 727 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of HCI Group by 4.8% during the first 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 in the last quarter. Millennium Management LLC grew its position in shares of HCI Group by 78.7% during the first 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 in the last quarter. Russell Investments Group Ltd. grew its position in shares of HCI Group by 115.9% during the second quarter. Russell Investments Group Ltd. now owns 1,399 shares of the insurance provider’s stock valued at $213,000 after purchasing an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of HCI Group by 557.6% during the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 184 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

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.