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

Shares of HCI Group, Inc. (NYSE:HCI) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $231.6667.

HCI has been the subject of a number of analyst reports. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Weiss Ratings cut shares of HCI Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HCI. Royal Bank of Canada grew its holdings in shares of HCI Group by 5.5% during the first quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock valued at $2,093,000 after buying an additional 727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 buying an additional 228 shares during the last quarter. Millennium Management LLC grew its holdings in shares of HCI Group by 78.7% during the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock valued at $15,278,000 after buying an additional 45,097 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of HCI Group by 115.9% during the second quarter. Russell Investments Group Ltd. now owns 1,399 shares of the insurance provider’s stock valued at $213,000 after buying an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of HCI Group by 557.6% during the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Trading Down 0.1%

HCI opened at $153.82 on Tuesday. HCI Group has a 1-year low of $136.37 and a 1-year high of $210.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.00 billion, a P/E ratio of 6.78 and a beta of 1.16. The company has a fifty day moving average price of $158.59 and a two-hundred day moving average price of $173.46.

HCI Group (NYSE:HCI) last posted its quarterly earnings results 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 firm had revenue of $246.24 million during the quarter, compared to the consensus estimate of $232.36 million. HCI Group had a net margin of 33.19% and a return on equity of 36.34%. Analysts predict that HCI Group will post 16.88 EPS for the current fiscal year.

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.