HCI Group (NYSE:HCI) Price Target Raised to $235.00

HCI Group (NYSE:HCI) had its price objective increased by Truist Financial from $190.00 to $235.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

Several other research firms also recently weighed in on HCI. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of HCI Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, HCI Group has a consensus rating of “Buy” and a consensus target price of $230.00.

HCI Group Stock Up 3.1%

NYSE:HCI traded up $5.55 during mid-day trading on Friday, hitting $186.95. The stock had a trading volume of 76,950 shares, compared to its average volume of 145,143. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The stock has a 50-day simple moving average of $188.79 and a two-hundred day simple moving average of $165.30. The company has a market capitalization of $2.42 billion, a PE ratio of 16.57 and a beta of 1.16. HCI Group has a twelve month low of $106.03 and a twelve month high of $210.50.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, November 6th. The insurance provider reported $4.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $2.46. HCI Group had a return on equity of 25.84% and a net margin of 18.58%.The firm had revenue of $216.35 million during the quarter, compared to the consensus estimate of $223.53 million. On average, equities research analysts anticipate that HCI Group will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 21st. HCI Group’s dividend payout ratio is 10.22%.

Institutional Investors Weigh In On HCI Group

A number of large investors have recently bought and sold shares of HCI. Quent Capital LLC bought a new stake in shares of HCI Group in the third quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position 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 acquiring an additional 184 shares during the period. Global Assets Advisory LLC acquired a new position in HCI Group in the second quarter valued at about $46,000. Westside Investment Management Inc. increased its stake in HCI Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 126 shares in the last quarter. Finally, USA Financial Formulas lifted its position in HCI Group by 250.0% in the 2nd quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock valued at $79,000 after acquiring an additional 370 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.