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

HCI Group, Inc. (NYSE:HCI) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $245.00.

Several brokerages have recently issued reports on HCI. 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. 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, Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th.

HCI Group Stock Down 0.1%

Shares of NYSE HCI opened at $160.25 on Wednesday. The firm’s 50-day moving average price is $155.01 and its 200-day moving average price is $164.57. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 7.03 and a beta of 1.08. HCI Group has a 12-month low of $136.37 and a 12-month high of $210.50.

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

HCI Group Announces Dividend

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

Hedge Funds Weigh In On HCI Group

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in HCI Group by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock valued at $160,947,000 after purchasing an additional 32,167 shares during the last quarter. American Century Companies Inc. grew its holdings in HCI Group by 6.7% during the 3rd quarter. American Century Companies Inc. now owns 556,670 shares of the insurance provider’s stock valued at $106,842,000 after purchasing an additional 35,029 shares during the last quarter. State Street Corp grew its holdings in HCI Group by 4.7% during the 4th quarter. State Street Corp now owns 384,788 shares of the insurance provider’s stock valued at $73,760,000 after purchasing an additional 17,299 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in HCI Group by 11.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 354,884 shares of the insurance provider’s stock valued at $54,870,000 after purchasing an additional 36,348 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in HCI Group by 16.7% during the 3rd quarter. Wellington Management Group LLP now owns 352,935 shares of the insurance provider’s stock valued at $67,739,000 after purchasing an additional 50,378 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

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.