Analysts Set HCI Group, Inc. (NYSE:HCI) Target Price at $230.00

Shares of HCI Group, Inc. (NYSE:HCI) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $230.00.

A number of research firms have weighed in on HCI. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a research note on Friday, January 16th. Zacks Research downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Oppenheimer downgraded HCI Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of HCI Group in a research report on Monday, December 29th. Finally, Truist Financial upped their target price on shares of HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th.

HCI Group Stock Up 1.5%

NYSE HCI opened at $165.18 on Thursday. HCI Group has a twelve month low of $115.65 and a twelve month high of $210.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $2.14 billion, a PE ratio of 10.55 and a beta of 1.21. The firm has a 50-day simple moving average of $175.08 and a 200 day simple moving average of $176.18.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 20th. HCI Group’s dividend payout ratio is currently 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 acquired a new position in HCI Group in the third quarter worth $25,000. Torren Management LLC bought a new position in shares of HCI Group in the fourth quarter worth about $26,000. Farther Finance Advisors LLC lifted its position in shares of HCI Group by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 71 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of HCI Group by 557.6% in the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 184 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in HCI Group by 645.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 231 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 200 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

About HCI Group

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.