Analysts Set HCI Group, Inc. (NYSE:HCI) Target Price at $230.00

Shares of HCI Group, Inc. (NYSE:HCI) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $230.00.

Several equities analysts have recently commented on the stock. Citizens Jmp upped their price target on shares of HCI Group from $225.00 to $255.00 and gave the stock a “market outperform” rating in a research report on Monday, November 10th. Wall Street Zen upgraded shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of HCI Group in a report on Monday, December 29th. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a research report on Friday, January 16th. Finally, Oppenheimer lowered HCI Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th.

HCI Group Stock Performance

Shares of HCI stock opened at $163.37 on Thursday. The company has a market cap of $2.12 billion, a P/E ratio of 10.43 and a beta of 1.21. The business has a 50 day moving average of $175.90 and a two-hundred day moving average of $175.69. HCI Group has a 52 week low of $115.65 and a 52 week high of $210.50. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.04.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, November 6th. The insurance provider reported $4.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $2.46. HCI Group had a return on equity of 31.18% and a net margin of 24.97%.The business had revenue of $216.35 million for the quarter, compared to the consensus estimate of $223.53 million. As a group, analysts anticipate that HCI Group will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. HCI Group’s dividend payout ratio is presently 10.22%.

Institutional Investors Weigh In On HCI Group

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew 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 buying an additional 727 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of HCI Group by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock worth $736,000 after acquiring an additional 228 shares during the period. Millennium Management LLC boosted 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 acquiring an additional 45,097 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of HCI Group in the second quarter valued at approximately $1,218,000. Finally, KLP Kapitalforvaltning AS increased its stake in shares of HCI Group by 20.0% during the second quarter. KLP Kapitalforvaltning AS now owns 1,800 shares of the insurance provider’s stock valued at $274,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

About HCI Group

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.