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

Shares of HCI Group, Inc. (NYSE:HCI) have been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $140.00.

A number of equities analysts recently commented on HCI shares. Compass Point reiterated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Truist Financial reissued a “buy” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Finally, Oppenheimer boosted their target price on shares of HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On HCI Group

A number of institutional investors have recently made changes to their positions in HCI. Point72 DIFC Ltd purchased a new position in shares of HCI Group during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC boosted its position in shares of HCI Group by 80.9% during the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after buying an additional 178 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of HCI Group by 49.1% in the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock valued at $98,000 after buying an additional 300 shares in the last quarter. CWM LLC raised its holdings in shares of HCI Group by 34.2% in the 3rd quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock valued at $133,000 after buying an additional 316 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of HCI Group in the 2nd quarter valued at $201,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Trading Down 2.5 %

Shares of HCI opened at $122.40 on Friday. HCI Group has a 52-week low of $83.64 and a 52-week high of $126.50. The stock has a market cap of $1.29 billion, a PE ratio of 10.23 and a beta of 1.13. The firm’s fifty day moving average is $115.46 and its two-hundred day moving average is $106.29. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. The company had revenue of $175.32 million during the quarter, compared to analysts’ expectations of $192.08 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. During the same quarter in the prior year, the company earned $1.41 EPS. Research analysts forecast that HCI Group will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. HCI Group’s payout ratio is currently 13.37%.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.