HCI Group, Inc. (NYSE:HCI) Given Average Rating of “Buy” by Brokerages

by · The Cerbat Gem

HCI Group, Inc. (NYSE:HCI – Get Free Report) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $230.00.

Several analysts recently issued reports on the stock. Oppenheimer lowered shares of HCI Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Truist Financial raised their target price on HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wall Street Zen upgraded HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of HCI Group in a research report on Wednesday.

Get Our Latest Analysis on HCI

HCI Group Stock Performance

Shares of NYSE HCI traded up $2.08 during midday trading on Friday, hitting $172.47. 259,445 shares of the stock traded hands, compared to its average volume of 146,746. The firm has a market capitalization of $2.24 billion, a P/E ratio of 15.29 and a beta of 1.16. HCI Group has a one year low of $106.89 and a one year high of $210.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a 50-day moving average of $189.79 and a two-hundred day moving average of $167.37.

HCI Group (NYSE:HCI – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The insurance provider reported $4.90 EPS for the quarter, topping the consensus estimate of $2.44 by $2.46. HCI Group had a return on equity of 25.84% and a net margin of 18.58%.The company had revenue of $216.35 million during the quarter, compared to analyst estimates of $223.53 million. On average, equities analysts forecast that HCI Group will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. HCI Group’s dividend payout ratio (DPR) is presently 10.22%.

Institutional Trading of HCI Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in HCI Group by 22.2% during the first quarter. Envestnet Asset Management Inc. now owns 8,886 shares of the insurance provider’s stock valued at $1,326,000 after acquiring an additional 1,612 shares during the period. Cerity Partners LLC bought a new stake in HCI Group in the first quarter worth $274,000. Victory Capital Management Inc. raised its position in shares of HCI Group by 6.7% during the 1st quarter. Victory Capital Management Inc. now owns 22,897 shares of the insurance provider’s stock valued at $3,417,000 after buying an additional 1,443 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of HCI Group by 45.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 11,361 shares of the insurance provider’s stock valued at $1,696,000 after purchasing an additional 3,562 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of HCI Group by 25.7% during the 1st quarter. Royce & Associates LP now owns 12,018 shares of the insurance provider’s stock worth $1,793,000 after purchasing an additional 2,458 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

About HCI Group

(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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