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

Shares of HCI Group, Inc. (NYSE:HCI) have been given an average rating of “Buy” by the seven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $230.00.

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Truist Financial increased their price objective on HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Oppenheimer lowered HCI Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th. Citizens Jmp upped their price target on HCI Group from $225.00 to $255.00 and gave the stock a “market outperform” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of HCI Group in a research note on Monday, December 29th.

Hedge Funds Weigh In On HCI Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of HCI Group by 2.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,794 shares of the insurance provider’s stock valued at $920,000 after acquiring an additional 94 shares during the last quarter. Strs Ohio grew its stake in HCI Group by 2.1% in the 3rd quarter. Strs Ohio now owns 4,800 shares of the insurance provider’s stock valued at $921,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of HCI Group by 48.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 322 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 105 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of 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 during the period. Finally, Quent Capital LLC purchased a new position in shares of HCI Group in the 3rd quarter worth about $25,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

NYSE HCI opened at $173.83 on Friday. The company has a market cap of $2.25 billion, a P/E ratio of 11.10 and a beta of 1.20. The company has a fifty day simple moving average of $183.07 and a 200 day simple moving average of $172.84. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. HCI Group has a 12-month low of $109.43 and a 12-month high of $210.50.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, November 6th. The insurance provider reported $4.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $2.46. The firm had revenue of $216.35 million for the quarter, compared to analyst estimates of $223.53 million. HCI Group had a net margin of 24.97% and a return on equity of 31.18%. Sell-side analysts predict that HCI Group will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, November 21st were issued a dividend of $0.40 per share. The ex-dividend date was Friday, November 21st. This represents a $1.60 annualized dividend and a yield of 0.9%. HCI Group’s payout ratio is 10.22%.

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.