HCI Group, Inc. (NYSE:HCI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• HCI Group has a “Moderate Buy” consensus rating from seven analysts, with five buys and two holds. The average 12-month price target is approximately $241.67, above the reported share price of $187.67.
• The insurer exceeded quarterly earnings expectations, reporting $5.60 in EPS versus the $5.04 consensus estimate, while generating $246.65 million in revenue and a 32.6% net margin.
• HCI announced a quarterly dividend of $0.40 per share, equivalent to an annualized $1.60 and a 0.9% yield. Institutional investors hold nearly 87% of the company’s outstanding stock.

HCI Group, Inc. (NYSE:HCI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $241.6667.

HCI has been the topic of several recent analyst reports. Citizens Jmp upped their price target on shares of HCI Group from $255.00 to $265.00 and gave the company a "market outperform" rating in a report on Friday, August 7th. Weiss Ratings downgraded shares of HCI Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Zacks Research cut shares of HCI Group from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. Cantor Fitzgerald began coverage on shares of HCI Group in a research report on Thursday, July 9th. They issued an "overweight" rating and a $225.00 price target on the stock. Finally, Citigroup reaffirmed a "market outperform" rating on shares of HCI Group in a report on Friday, August 7th.

Hedge Funds Weigh In On HCI Group

Several institutional investors have recently modified their holdings of the company. Tidal Investments LLC acquired a new stake in shares of HCI Group in the second quarter valued at approximately $236,000. Integrated Wealth Concepts LLC acquired a new stake in HCI Group in the 2nd quarter valued at approximately $57,000. IFP Advisors Inc increased its position in HCI Group by 21.9% in the 2nd quarter. IFP Advisors Inc now owns 828 shares of the insurance provider's stock valued at $145,000 after acquiring an additional 149 shares during the period. Allworth Financial LP raised its stake in HCI Group by 51.5% during the 2nd quarter. Allworth Financial LP now owns 812 shares of the insurance provider's stock valued at $142,000 after acquiring an additional 276 shares in the last quarter. Finally, Nykredit A S acquired a new position in HCI Group during the 2nd quarter worth $33,000. Institutional investors own 86.99% of the company's stock.

HCI Group Trading Down 0.2%

Shares of HCI stock opened at $187.67 on Friday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 8.09 and a beta of 1.03. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03. HCI Group has a fifty-two week low of $144.75 and a fifty-two week high of $210.50. The firm's 50 day moving average price is $183.01 and its two-hundred day moving average price is $168.36.

HCI Group (NYSE:HCI - Get Free Report) last issued its earnings results on Thursday, August 6th. The insurance provider reported $5.60 EPS for the quarter, beating analysts' consensus estimates of $5.04 by $0.56. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. The business had revenue of $246.65 million for the quarter, compared to the consensus estimate of $247.43 million. On average, analysts anticipate that HCI Group will post 19.47 EPS for the current year.

HCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. HCI Group's payout ratio is currently 6.90%.

HCI Group Company Profile

HCI Group, Inc is a diversified insurance holding company headquartered in Tampa, Florida. The company's primary business is property and casualty insurance, with a focus on homeowners and residential property coverage. Its insurance operations serve policyholders in Florida and other states, subject to regulatory approvals and market availability.

HCI's insurance subsidiaries include Homeowners Choice Property & Casualty Insurance Company, which provides property insurance, and TypTap Insurance Company, a technology-focused insurer offering homeowners and related coverage.

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