HCI Group, Inc. (NYSE:HCI) Receives $112.00 Consensus Target Price from Brokerages

HCI Group, Inc. (NYSE:HCI) has earned an average recommendation of “Buy” from the four ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $125.33.

HCI has been the topic of several research reports. Truist Financial upped their price objective on HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Oppenheimer reissued an “outperform” rating and set a $140.00 price objective on shares of HCI Group in a report on Wednesday. William Blair raised shares of HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. Finally, Compass Point boosted their price target on shares of HCI Group from $90.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th.

Institutional Investors Weigh In On HCI Group

Several hedge funds have recently bought and sold shares of HCI. Quest Partners LLC bought a new stake in shares of HCI Group in the 4th quarter valued at $28,000. FMR LLC increased its holdings in shares of HCI Group by 80.7% in the first quarter. FMR LLC now owns 468 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 209 shares in the last quarter. Captrust Financial Advisors raised its position in shares of HCI Group by 112.7% during the first quarter. Captrust Financial Advisors now owns 485 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 257 shares during the period. Cerity Partners LLC bought a new position in shares of HCI Group during the 1st quarter valued at about $383,000. Finally, Point72 Hong Kong Ltd grew its position in shares of HCI Group by 1,807.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 534 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 506 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Price Performance

HCI Group stock opened at $115.53 on Friday. HCI Group has a 52 week low of $48.08 and a 52 week high of $121.57. The firm has a market cap of $1.15 billion, a P/E ratio of 15.28 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.62. The business’s fifty day moving average is $100.11 and its two-hundred day moving average is $81.94.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $1.81. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. The firm had revenue of $162.67 million for the quarter, compared to analyst estimates of $146.09 million. During the same quarter in the prior year, the firm earned $0.06 EPS. Equities research analysts forecast that HCI Group will post 10.22 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 15th. HCI Group’s dividend payout ratio is currently 21.16%.

About HCI Group

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.