Brokerages Set HCI Group, Inc. (NYSE:HCI) Target Price at $231.67

Shares of HCI Group, Inc. (NYSE:HCI) have been given an average rating of “Buy” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $231.6667.

A number of research analysts have issued reports on HCI shares. Truist Financial lifted their price objective on HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a research report on Friday, January 16th. Citizens Jmp boosted their price target on shares of HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a research report on Monday, November 10th. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Oppenheimer cut shares of HCI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th.

HCI Group Stock Performance

NYSE HCI opened at $174.23 on Monday. HCI Group has a twelve month low of $129.58 and a twelve month high of $210.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.26 billion, a P/E ratio of 7.68 and a beta of 1.19. The company’s 50-day simple moving average is $169.09 and its 200 day simple moving average is $178.12.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share for the quarter, beating the consensus estimate of $4.87 by $2.38. The company had revenue of $246.24 million for the quarter, compared to analyst estimates of $232.36 million. HCI Group had a return on equity of 36.34% and a net margin of 33.19%. As a group, research analysts forecast that HCI Group will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th 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, February 20th. HCI Group’s dividend payout ratio is presently 7.05%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in HCI Group by 5.5% in the 1st quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock valued at $2,093,000 after acquiring an additional 727 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of HCI Group by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock valued at $736,000 after purchasing an additional 228 shares during the last quarter. Millennium Management LLC increased its holdings in shares of HCI Group by 78.7% in the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock valued at $15,278,000 after purchasing an additional 45,097 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in HCI Group during the 2nd quarter worth $1,466,000. Finally, Teacher Retirement System of Texas boosted its position in HCI Group by 37.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,544 shares of the insurance provider’s stock valued at $844,000 after buying an additional 1,519 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

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.