HCI Group (NYSE:HCI) Price Target Raised to $265.00 at Citizens Jmp

HCI Group (NYSE:HCI) had its price objective hoisted by Citizens Jmp from $255.00 to $265.00 in a report released on Friday,Benzinga reports. The firm currently has a market outperform rating on the insurance provider’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Weiss Ratings upgraded shares of HCI Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Zacks Research lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Wall Street Zen cut HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of HCI Group in a research note on Friday. Finally, Cantor Fitzgerald started coverage on HCI Group in a research report on Thursday, July 9th. They set an “overweight” rating and a $225.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, HCI Group presently has an average rating of “Moderate Buy” and an average target price of $241.67.

HCI Group Stock Performance

Shares of HCI stock opened at $188.51 on Friday. HCI Group has a 12 month low of $137.81 and a 12 month high of $210.50. The stock has a market cap of $2.41 billion, a PE ratio of 8.13 and a beta of 1.04. 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 company’s fifty day moving average price is $172.58 and its 200-day moving average price is $163.32.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.56. The firm had revenue of $246.65 million for the quarter, compared to the consensus estimate of $247.43 million. HCI Group had a net margin of 32.60% and a return on equity of 29.68%. On average, equities analysts expect that HCI Group will post 18.29 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, August 21st. HCI Group’s dividend payout ratio (DPR) is currently 7.02%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of HCI Group in the second quarter worth approximately $2,777,000. BlackRock Inc. purchased a new stake in shares of HCI Group during the second quarter valued at approximately $323,098,000. Deutsche Bank AG bought a new stake in shares of HCI Group during the second quarter valued at approximately $2,159,000. Global Retirement Partners LLC bought a new stake in shares of HCI Group during the second quarter valued at approximately $148,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of HCI Group during the second quarter valued at approximately $13,805,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting HCI Group

Here are the key news stories impacting HCI Group this week:

• Positive Sentiment: HCI reported second-quarter earnings of $5.60 per share, exceeding analyst estimates of $5.04 and rising from $5.18 a year earlier. The company also posted a 30.88% return on equity and a 32.64% net margin, highlighting strong profitability. HCI Group Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company outlined more than $10 million in expected quarterly reinsurance savings as GEICO begins selling a new product. If realized, the savings could lower HCI’s insurance costs and improve future earnings. HCI outlines over $10M per quarter reinsurance savings
• Positive Sentiment: Citizens JMP raised its HCI price target from $255 to $265 and maintained a “market outperform” rating, signaling continued analyst confidence in the company’s outlook. Benzinga analyst price target report
• Neutral Sentiment: Second-quarter revenue was $246.65 million. While earnings exceeded expectations, revenue was slightly below the $247.43 million consensus estimate, making the results stronger on profitability than on sales growth. HCI Group Q2 Earnings Snapshot

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.