HCI Group, Inc. (NYSE:HCI) Receives Consensus Rating of “Buy” from Analysts

HCI Group, Inc. (NYSE:HCI) has received an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $238.3333.

A number of analysts have weighed in on HCI shares. Cantor Fitzgerald assumed coverage on shares of HCI Group in a research note on Thursday. They set an “overweight” rating and a $225.00 target price on the stock. Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HCI. Bank of America Corp DE boosted its position in HCI Group by 11.5% during the 1st quarter. Bank of America Corp DE now owns 80,689 shares of the insurance provider’s stock worth $12,475,000 after buying an additional 8,292 shares during the period. California State Teachers Retirement System grew its stake in shares of HCI Group by 28.4% in the first quarter. California State Teachers Retirement System now owns 14,136 shares of the insurance provider’s stock worth $2,186,000 after purchasing an additional 3,123 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of HCI Group by 5.4% in the first quarter. Quantinno Capital Management LP now owns 3,030 shares of the insurance provider’s stock worth $468,000 after purchasing an additional 156 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in HCI Group by 2,944.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 116,858 shares of the insurance provider’s stock valued at $18,067,000 after purchasing an additional 113,019 shares during the period. Finally, Sei Investments Co. raised its position in HCI Group by 17.6% during the 1st quarter. Sei Investments Co. now owns 15,981 shares of the insurance provider’s stock worth $2,471,000 after purchasing an additional 2,397 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Price Performance

Shares of HCI stock traded up $1.89 on Friday, reaching $182.66. The company had a trading volume of 99,407 shares, compared to its average volume of 185,559. The stock has a market capitalization of $2.33 billion, a PE ratio of 8.02 and a beta of 1.03. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. HCI Group has a one year low of $136.37 and a one year high of $210.50. The business’s 50-day moving average is $163.02 and its 200 day moving average is $164.01.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. The company had revenue of $242.88 million for the quarter, compared to the consensus estimate of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. Equities research analysts forecast that HCI Group will post 18.41 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. HCI Group’s payout ratio is 7.02%.

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.