HCI Group, Inc. (NYSE:HCI) Receives Average Recommendation of “Moderate Buy” from Analysts

HCI Group, Inc. (NYSE:HCI) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $245.00.

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

HCI Group Price Performance

Shares of NYSE:HCI opened at $157.69 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. HCI Group has a fifty-two week low of $136.37 and a fifty-two week high of $210.50. The firm has a 50-day simple moving average of $154.60 and a 200 day simple moving average of $164.81. The company has a market cap of $2.01 billion, a PE ratio of 6.92 and a beta of 1.08.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The business had revenue of $242.88 million during the quarter, compared to the consensus estimate of $245.09 million. On average, sell-side analysts anticipate that HCI Group will post 18.07 EPS for the current year.

HCI Group Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HCI. Freestone Grove Partners LP grew its position in HCI Group by 353.6% in the 4th quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider’s stock worth $52,735,000 after purchasing an additional 214,464 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in HCI Group by 2,944.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 116,858 shares of the insurance provider’s stock worth $18,067,000 after purchasing an additional 113,019 shares during the last quarter. Vanguard Group Inc. grew its position in HCI Group by 15.1% in the 3rd quarter. Vanguard Group Inc. now owns 807,454 shares of the insurance provider’s stock worth $154,975,000 after purchasing an additional 105,925 shares during the last quarter. Danske Bank A S bought a new position in shares of HCI Group in the third quarter valued at approximately $19,256,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of HCI Group by 129.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 125,399 shares of the insurance provider’s stock valued at $24,038,000 after acquiring an additional 70,662 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

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.