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

Shares of HCI Group, Inc. (NYSE:HCI) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $231.6667.

HCI has been the subject of a number of analyst reports. Citigroup reissued a “market outperform” rating on shares of HCI Group in a research report on Friday, January 16th. Oppenheimer downgraded HCI Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th. Truist Financial lifted their price objective on HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wall Street Zen raised HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Citizens Jmp increased their target price on HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a research note on Monday, November 10th.

Institutional Investors Weigh In On HCI Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of HCI Group by 14.1% during the fourth quarter. Invesco Ltd. now owns 145,086 shares of the insurance provider’s stock worth $27,812,000 after purchasing an additional 17,883 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in HCI Group by 30.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 14,526 shares of the insurance provider’s stock valued at $2,784,000 after acquiring an additional 3,398 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of HCI Group by 0.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,253 shares of the insurance provider’s stock valued at $2,157,000 after purchasing an additional 98 shares during the last quarter. Summit Global Investments bought a new position in shares of HCI Group during the fourth quarter valued at approximately $252,000. Finally, State of Tennessee Department of Treasury raised its position in shares of HCI Group by 18.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 6,310 shares of the insurance provider’s stock worth $1,210,000 after purchasing an additional 1,001 shares during the period. Institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 2.5%

HCI opened at $174.44 on Monday. The firm’s 50 day moving average is $170.27 and its 200-day moving average is $177.89. HCI Group has a 52-week low of $125.00 and a 52-week high of $210.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.26 billion, a P/E ratio of 7.69 and a beta of 1.21.

HCI Group (NYSE:HCI) last announced its earnings results on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share for the quarter, beating the consensus estimate of $4.87 by $2.38. HCI Group had a net margin of 33.19% and a return on equity of 36.34%. The business had revenue of $246.24 million during the quarter, compared to the consensus estimate of $232.36 million. Analysts expect that HCI Group will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, February 20th. HCI Group’s dividend payout ratio is 7.05%.

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.