HCI Group, Inc. (NYSE:HCI) Receives $245.00 Average Price Target from Analysts

HCI Group, Inc. (NYSE:HCI) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $245.00.

Several research analysts have commented on HCI shares. Zacks Research cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in HCI Group during the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC lifted its position in shares of HCI Group by 519.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after buying an additional 135 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of HCI Group by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after buying an additional 71 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of HCI Group by 645.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 231 shares of the insurance provider’s stock valued at $44,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Trading Up 0.5%

Shares of HCI stock opened at $163.96 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $2.09 billion, a P/E ratio of 7.20 and a beta of 1.08. The company has a 50 day moving average price of $155.42 and a 200 day moving average price of $164.39. HCI Group has a fifty-two week low of $136.37 and a fifty-two week high of $210.50.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, topping the consensus estimate of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The company had revenue of $242.88 million during the quarter, compared to analysts’ expectations of $245.09 million. Equities research analysts predict that HCI Group will post 18.07 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 15th. HCI Group’s payout ratio is 7.02%.

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.