HCI Group, Inc. (NYSE:HCI) Receives $124.00 Average Price Target from Analysts

HCI Group, Inc. (NYSE:HCI) has been given an average rating of “Buy” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $124.00.

Several research firms have commented on HCI. Compass Point upped their price target on shares of HCI Group from $90.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Truist Financial raised their target price on HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Oppenheimer reissued an “outperform” rating and issued a $140.00 price target on shares of HCI Group in a report on Friday, April 5th. William Blair raised shares of HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $120.00 target price on shares of HCI Group in a research note on Monday, April 15th.

Insiders Place Their Bets

In other news, insider Anthony Saravanos sold 12,967 shares of HCI Group stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $117.01, for a total value of $1,517,268.67. Following the sale, the insider now owns 67,033 shares in the company, valued at $7,843,531.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, General Counsel Andrew L. Graham sold 800 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $116.42, for a total value of $93,136.00. Following the completion of the transaction, the general counsel now directly owns 57,630 shares of the company’s stock, valued at approximately $6,709,284.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony Saravanos sold 12,967 shares of HCI Group stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $117.01, for a total transaction of $1,517,268.67. Following the sale, the insider now directly owns 67,033 shares in the company, valued at approximately $7,843,531.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,102 shares of company stock worth $13,198,303. Company insiders own 25.25% of the company’s stock.

Institutional Investors Weigh In On HCI Group

Hedge funds have recently modified their holdings of the business. Quest Partners LLC acquired a new position in HCI Group during the fourth quarter worth about $28,000. Quantbot Technologies LP acquired a new stake in HCI Group in the 3rd quarter valued at about $62,000. SG Americas Securities LLC purchased a new position in HCI Group in the 4th quarter worth approximately $155,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of HCI Group by 399.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,773 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Cedar Brook Financial Partners LLC purchased a new stake in shares of HCI Group in the fourth quarter valued at approximately $201,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Price Performance

Shares of NYSE HCI opened at $114.73 on Wednesday. HCI Group has a 52 week low of $48.08 and a 52 week high of $121.57. The business’s 50 day moving average price is $108.29 and its 200 day moving average price is $90.20. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.14 billion, a P/E ratio of 15.18 and a beta of 1.14.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 EPS for the quarter, beating the consensus estimate of $1.41 by $1.81. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. The business had revenue of $162.67 million for the quarter, compared to the consensus estimate of $146.09 million. During the same period in the prior year, the firm earned $0.06 EPS. On average, sell-side analysts expect that HCI Group will post 10.33 earnings per share for the current year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were paid a $0.40 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. HCI Group’s dividend payout ratio is currently 21.16%.

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.