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

Shares of HCI Group, Inc. (NYSE:HCIGet Free Report) have been assigned a consensus rating of “Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $127.75.

Several analysts recently commented on the stock. StockNews.com upgraded shares of HCI Group from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. JMP Securities increased their price objective on shares of HCI Group from $120.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, May 9th. Oppenheimer reiterated an “outperform” rating and issued a $140.00 target price on shares of HCI Group in a research report on Friday, April 5th. William Blair upgraded shares of HCI Group from a “market perform” rating to an “outperform” rating in a research report on Friday, March 8th. Finally, Compass Point lifted their target price on shares of HCI Group from $90.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th.

Get Our Latest Analysis on HCI

HCI Group Stock Performance

Shares of NYSE:HCI opened at $96.15 on Thursday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.78 and a beta of 1.11. HCI Group has a 12 month low of $48.84 and a 12 month high of $121.57. The firm’s 50-day moving average is $107.90 and its 200 day moving average is $98.75. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46.

HCI Group (NYSE:HCIGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $3.65 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.91. HCI Group had a net margin of 17.72% and a return on equity of 40.30%. The firm had revenue of $206.61 million during the quarter, compared to analysts’ expectations of $189.17 million. Research analysts predict that HCI Group will post 11.68 EPS for the current year.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, May 16th. HCI Group’s dividend payout ratio is currently 16.28%.

Insider Buying and Selling

In other HCI Group news, General Counsel Andrew L. Graham sold 800 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $116.42, for a total transaction of $93,136.00. Following the completion of the transaction, the general counsel now owns 57,630 shares in the company, valued at approximately $6,709,284.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other HCI Group news, insider Anthony Saravanos sold 12,967 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $117.01, for a total transaction of $1,517,268.67. Following the completion of the transaction, the insider now directly owns 67,033 shares in the company, valued at approximately $7,843,531.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew L. Graham sold 800 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $116.42, for a total transaction of $93,136.00. Following the sale, the general counsel now directly owns 57,630 shares in the company, valued at $6,709,284.60. The disclosure for this sale can be found here. Insiders sold a total of 113,102 shares of company stock worth $13,198,303 in the last 90 days. Company insiders own 25.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC acquired a new position in HCI Group in the fourth quarter worth $28,000. Quantbot Technologies LP acquired a new stake in HCI Group during the 3rd quarter worth about $62,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in HCI Group by 399.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,773 shares of the insurance provider’s stock worth $155,000 after buying an additional 1,418 shares during the period. SG Americas Securities LLC acquired a new stake in HCI Group during the 4th quarter worth about $155,000. Finally, SageView Advisory Group LLC acquired a new stake in HCI Group during the 1st quarter worth about $219,000. 86.99% of the stock is owned by institutional investors and hedge funds.

About HCI Group

(Get Free Report

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.

Recommended Stories

Analyst Recommendations for HCI Group (NYSE:HCI)

Receive News & Ratings for HCI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group and related companies with MarketBeat.com's FREE daily email newsletter.