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

HCI Group, Inc. (NYSE:HCI) has earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $241.6667.

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings lowered shares of HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Citizens Jmp increased their target price on shares of HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Citigroup reissued a “market outperform” rating on shares of HCI Group in a report on Friday, August 7th. Finally, Cantor Fitzgerald began coverage on shares of HCI Group in a research report on Thursday, July 9th. They set an “overweight” rating and a $225.00 price target for the company.

HCI Group Trading Down 0.2%

NYSE:HCI opened at $182.09 on Monday. HCI Group has a 1 year low of $144.75 and a 1 year high of $210.50. The stock’s fifty day moving average price is $178.21 and its two-hundred day moving average price is $164.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $2.27 billion, a P/E ratio of 7.85 and a beta of 1.04.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.56. The company had revenue of $246.65 million during the quarter, compared to analysts’ expectations of $247.43 million. HCI Group had a return on equity of 28.80% and a net margin of 32.60%. As a group, analysts expect that HCI Group will post 19.47 EPS for the current year.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. HCI Group’s dividend payout ratio (DPR) is 6.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Torren Management LLC purchased a new position in shares of HCI Group in the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC grew its holdings in HCI Group by 519.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 135 shares during the last quarter. Nykredit A S bought a new stake in shares of HCI Group in the second quarter worth about $33,000. EverSource Wealth Advisors LLC increased its stake in shares of HCI Group by 557.6% during the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in HCI Group by 62.8% in the 4th 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. 86.99% of the stock is currently owned by hedge funds and other 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.