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

HCI Group, Inc. (NYSE:HCI) has received an average recommendation of “Moderate Buy” from the four brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $81.00.

A number of analysts have recently issued reports on HCI shares. Truist Financial lifted their price target on HCI Group from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. William Blair started coverage on HCI Group in a research note on Friday, August 11th. They issued a “market perform” rating on the stock. StockNews.com started coverage on HCI Group in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Compass Point lifted their price target on HCI Group from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th.

Institutional Investors Weigh In On HCI Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of HCI Group by 80.7% in the 1st quarter. FMR LLC now owns 468 shares of the insurance provider’s stock valued at $25,000 after buying an additional 209 shares during the period. Captrust Financial Advisors raised its holdings in shares of HCI Group by 112.7% in the 1st quarter. Captrust Financial Advisors now owns 485 shares of the insurance provider’s stock valued at $33,000 after buying an additional 257 shares during the period. Cerity Partners LLC purchased a new stake in shares of HCI Group in the 1st quarter valued at $383,000. Point72 Hong Kong Ltd grew its stake in HCI Group by 1,807.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 534 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 506 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in HCI Group during the 3rd quarter worth $76,000. Hedge funds and other institutional investors own 65.82% of the company’s stock.

HCI Group Stock Down 1.0 %

Shares of HCI opened at $52.77 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.10. HCI Group has a 12 month low of $27.65 and a 12 month high of $70.00. The stock’s 50 day moving average is $58.92 and its two-hundred day moving average is $55.89. The firm has a market cap of $453.29 million, a P/E ratio of -19.84 and a beta of 0.90.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.60 by $0.62. The company had revenue of $127.33 million for the quarter, compared to analyst estimates of $122.85 million. HCI Group had a negative return on equity of 10.06% and a negative net margin of 4.30%. Analysts predict that HCI Group will post 3.25 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.60 dividend on an annualized basis and a yield of 3.03%. HCI Group’s payout ratio is -60.15%.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, 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.