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

HCI Group, Inc. (NYSE:HCI) has been given a consensus rating of “Buy” by the five brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $130.25.

A number of research analysts have issued reports on HCI shares. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. JMP Securities lifted their target price on HCI Group from $135.00 to $145.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th.

HCI Group Stock Up 0.9 %

Shares of NYSE HCI opened at $106.80 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44. HCI Group has a 52 week low of $50.01 and a 52 week high of $121.57. The stock has a market capitalization of $1.12 billion, a P/E ratio of 10.86 and a beta of 1.13. The stock’s fifty day moving average is $93.84 and its 200 day moving average is $100.53.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The firm had revenue of $206.25 million for the quarter, compared to analysts’ expectations of $196.67 million. During the same quarter in the previous year, the business posted $1.22 earnings per share. Sell-side analysts forecast that HCI Group will post 12.37 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, August 16th. HCI Group’s payout ratio is 16.28%.

Institutional Trading of HCI Group

A number of hedge funds have recently made changes to their positions in HCI. Point72 DIFC Ltd acquired a new stake in shares of HCI Group during the second quarter valued at about $26,000. Quest Partners LLC acquired a new stake in shares of HCI Group during the fourth quarter valued at about $28,000. Gladius Capital Management LP acquired a new stake in shares of HCI Group during the second quarter valued at about $31,000. CWM LLC lifted its stake in shares of HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after acquiring an additional 495 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of HCI Group in the second quarter worth approximately $201,000. 86.99% of the stock is owned by institutional investors and hedge funds.

HCI Group Company Profile

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.