HCI Group, Inc. (NYSE:HCI) Receives $181.25 Consensus Target Price from Brokerages

by · The Markets Daily

Shares of HCI Group, Inc. (NYSE:HCI – Get Free Report) have received an average rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $181.25.

Several analysts recently commented on the stock. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of HCI Group in a research note on Wednesday, October 8th.

View Our Latest Research Report on HCI

HCI Group Stock Performance

Shares of HCI opened at $204.38 on Tuesday. The company has a 50-day moving average of $185.49 and a two-hundred day moving average of $163.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 18.12 and a beta of 1.17. HCI Group has a one year low of $105.00 and a one year high of $210.50.

HCI Group (NYSE:HCI – Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 EPS for the quarter, topping the consensus estimate of $4.47 by $0.71. The business had revenue of $221.92 million during the quarter, compared to analysts’ expectations of $218.98 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. On average, equities research analysts expect that HCI Group will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st. HCI Group’s dividend payout ratio (DPR) is presently 14.18%.

Hedge Funds Weigh In On HCI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in HCI Group by 15.2% during the second quarter. American Century Companies Inc. now owns 521,641 shares of the insurance provider’s stock valued at $79,394,000 after acquiring an additional 68,860 shares in the last quarter. Geode Capital Management LLC raised its position in HCI Group by 6.4% during the second quarter. Geode Capital Management LLC now owns 241,881 shares of the insurance provider’s stock valued at $36,819,000 after acquiring an additional 14,583 shares in the last quarter. Balyasny Asset Management L.P. raised its position in HCI Group by 46.8% during the second quarter. Balyasny Asset Management L.P. now owns 185,430 shares of the insurance provider’s stock valued at $28,222,000 after acquiring an additional 59,134 shares in the last quarter. Qube Research & Technologies Ltd raised its position in HCI Group by 24.8% during the second quarter. Qube Research & Technologies Ltd now owns 180,420 shares of the insurance provider’s stock valued at $27,460,000 after acquiring an additional 35,798 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in HCI Group by 13.3% during the first quarter. Wellington Management Group LLP now owns 175,376 shares of the insurance provider’s stock valued at $26,171,000 after acquiring an additional 20,537 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

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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