HCI Group, Inc. (NYSE:HCI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of HCI Group, Inc. (NYSE:HCI) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $241.6667.

HCI has been the topic of several recent analyst reports. Weiss Ratings cut HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a research note on Friday, August 7th. Cantor Fitzgerald started coverage on HCI Group in a research report on Thursday, July 9th. They set an “overweight” rating and a $225.00 price target on the stock. Zacks Research lowered HCI Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Finally, Citizens Jmp lifted their target price on HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a report on Friday, August 7th.

HCI Group Stock Down 0.2%

HCI Group stock opened at $187.67 on Friday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 8.09 and a beta of 1.03. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $183.01 and its two-hundred day moving average price is $168.36. HCI Group has a 52 week low of $144.75 and a 52 week high of $210.50.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.56. The company had revenue of $246.65 million during the quarter, compared to analyst estimates of $247.43 million. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. On average, analysts expect that HCI Group will post 19.47 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. HCI Group’s payout ratio is currently 6.90%.

Institutional Trading of HCI Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nykredit A S acquired a new position in HCI Group in the second quarter worth approximately $33,000. Global Assets Advisory LLC acquired a new stake in shares of HCI Group during the 1st quarter valued at $46,000. Integrated Wealth Concepts LLC acquired a new stake in shares of HCI Group during the 2nd quarter valued at $57,000. State of Wyoming bought a new stake in shares of HCI Group during the 2nd quarter worth $82,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of HCI Group during the 2nd quarter worth $95,000. 86.99% of the stock is currently owned by institutional investors.

About HCI Group

HCI Group, Inc is a diversified insurance holding company headquartered in Tampa, Florida. The company’s primary business is property and casualty insurance, with a focus on homeowners and residential property coverage. Its insurance operations serve policyholders in Florida and other states, subject to regulatory approvals and market availability.

HCI’s insurance subsidiaries include Homeowners Choice Property & Casualty Insurance Company, which provides property insurance, and TypTap Insurance Company, a technology-focused insurer offering homeowners and related coverage.