HCI Group, Inc. (NYSE:HCI) Receives $140.00 Consensus Target Price from Brokerages

Shares of HCI Group, Inc. (NYSE:HCI) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $140.00.

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

HCI Group Trading Down 2.5 %

HCI Group stock opened at $122.40 on Friday. HCI Group has a 52 week low of $83.64 and a 52 week high of $126.50. The stock has a 50-day moving average price of $115.46 and a 200 day moving average price of $106.29. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.23 and a beta of 1.13.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The business had revenue of $175.32 million for the quarter, compared to the consensus estimate of $192.08 million. During the same period in the prior year, the firm earned $1.41 EPS. Sell-side analysts anticipate that HCI Group will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were given a dividend of $0.40 per share. The ex-dividend date was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. HCI Group’s dividend payout ratio is currently 13.37%.

Institutional Trading of HCI Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of HCI Group by 28.4% during the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after buying an additional 113 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in HCI Group by 1.5% during the third quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock valued at $1,113,000 after purchasing an additional 155 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in HCI Group by 2.9% during the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock valued at $561,000 after purchasing an additional 174 shares in the last quarter. Point72 DIFC Ltd grew its position in shares of HCI Group by 75.0% in the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 213 shares during the period. Finally, Amalgamated Bank raised its position in shares of HCI Group by 10.3% during the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock worth $258,000 after purchasing an additional 225 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

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.