Analysts Set HCI Group, Inc. (NYSE:HCI) Target Price at $140.00

by · The Cerbat Gem

HCI Group, Inc. (NYSE:HCI – Get Free Report) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $140.00.

HCI has been the topic of several recent research reports. Oppenheimer lifted their target price on shares of HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Compass Point restated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. JMP Securities restated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, October 15th. Finally, Truist Financial restated a “buy” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, December 17th.

Check Out Our Latest Stock Report on HCI Group

HCI Group Stock Up 2.4 %

Shares of HCI opened at $124.64 on Friday. The firm has a market cap of $1.31 billion, a PE ratio of 10.41 and a beta of 1.13. The company’s fifty day moving average is $115.03 and its two-hundred day moving average is $105.88. HCI Group has a fifty-two week low of $83.64 and a fifty-two week high of $126.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The insurance provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The company had revenue of $175.32 million for the quarter, compared to analyst estimates of $192.08 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. During the same quarter last year, the business earned $1.41 EPS. Analysts forecast that HCI Group will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. HCI Group’s dividend payout ratio is currently 13.37%.

Hedge Funds Weigh In On HCI Group

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in HCI Group by 77.3% in the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock worth $1,659,000 after buying an additional 6,756 shares in the last quarter. Royce & Associates LP acquired a new position in HCI Group during the 3rd quarter valued at about $621,000. Victory Capital Management Inc. boosted its stake in HCI Group by 152.7% during the 3rd quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock valued at $2,380,000 after purchasing an additional 13,434 shares during the period. AQR Capital Management LLC boosted its stake in HCI Group by 27.2% during the 2nd quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider’s stock valued at $4,905,000 after purchasing an additional 11,365 shares during the period. Finally, FMR LLC boosted its stake in HCI Group by 49.6% during the 3rd quarter. FMR LLC now owns 32,571 shares of the insurance provider’s stock valued at $3,487,000 after purchasing an additional 10,795 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Company Profile

(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.

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