HCI Group, Inc. (NYSE:HCI) Given Consensus Rating of “Buy” by Brokerages

HCI Group, Inc. (NYSE:HCI) has earned a consensus rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $231.6667.

A number of research analysts have issued reports on the company. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Citizens Jmp increased their target price on shares of HCI Group from $225.00 to $255.00 and gave the stock a “market outperform” rating in a research report on Monday, November 10th. Oppenheimer downgraded shares of HCI Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of HCI Group in a research report on Monday, December 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a research note on Friday, January 16th.

HCI Group Trading Down 1.2%

Shares of HCI opened at $169.57 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.20 billion, a PE ratio of 7.48 and a beta of 1.19. HCI Group has a 1 year low of $129.58 and a 1 year high of $210.50. The stock has a 50 day simple moving average of $168.22 and a 200-day simple moving average of $178.44.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $7.25 EPS for the quarter, beating the consensus estimate of $4.87 by $2.38. HCI Group had a return on equity of 36.34% and a net margin of 33.19%.The business had revenue of $246.24 million for the quarter, compared to analyst estimates of $232.36 million. On average, sell-side analysts predict that HCI Group will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 20th. HCI Group’s payout ratio is presently 7.05%.

Institutional Investors Weigh In On HCI Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quent Capital LLC bought a new position in HCI Group in the 3rd quarter valued at $25,000. Torren Management LLC bought a new stake in shares of HCI Group during the fourth quarter worth $26,000. Transamerica Financial Advisors LLC grew its holdings in shares of HCI Group by 519.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 135 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of HCI Group by 557.6% in the second 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. Finally, Farther Finance Advisors LLC increased its stake in shares of HCI Group by 62.8% in the fourth 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. 86.99% of the stock is owned by institutional investors and hedge funds.

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.