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

HCI Group, Inc. (NYSE:HCI) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $230.00.

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

HCI Group Stock Down 1.3%

HCI stock opened at $184.44 on Wednesday. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 11.78 and a beta of 1.20. The company has a fifty day moving average price of $186.90 and a 200 day moving average price of $169.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80. HCI Group has a 12 month low of $106.89 and a 12 month high of $210.50.

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

HCI Group Dividend Announcement

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

Hedge Funds Weigh In On HCI Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCI. Quent Capital LLC acquired a new stake in shares of HCI Group in the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in HCI Group by 557.6% in the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in HCI Group by 645.2% in the third quarter. Aster Capital Management DIFC Ltd now owns 231 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 200 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of HCI Group during the 2nd quarter worth $46,000. Finally, Westside Investment Management Inc. grew 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. Institutional investors and hedge funds own 86.99% of the company’s stock.

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.