HCI Group, Inc. (NYSE:HCI) Stock Has Average Target Price of $241.67 According to Analysts

Key Points

• Analysts maintain a bullish view of HCI Group: Seven analysts issued a consensus “Buy” rating, with an average 12-month price target of $241.67 versus the stock’s reported price of $197.11.
• Institutional ownership is high and investor interest continues: Hedge funds and other institutions own 86.99% of HCI, while several investment firms recently initiated or increased positions.
• HCI recently exceeded earnings expectations: The insurer reported quarterly EPS of $5.60, topping the $5.04 consensus estimate, alongside a 32.60% net margin and 28.80% return on equity.

HCI Group, Inc. (NYSE:HCI - Get Free Report) has been given a consensus recommendation of "Buy" by the seven analysts that are covering the stock, MarketBeat.com 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 1-year target price among analysts that have covered the stock in the last year is $241.67.

HCI has been the topic of a number of analyst reports. Truist Financial set a $235.00 target price on shares of HCI Group in a research note on Thursday, October 1st. Weiss Ratings lowered HCI Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Zacks Research raised HCI Group from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Citigroup restated a "market outperform" rating on shares of HCI Group in a research report on Friday, August 7th. Finally, Cantor Fitzgerald assumed coverage on HCI Group in a research report on Thursday, July 9th. They issued an "overweight" rating and a $225.00 price objective on the stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HCI. GK Wealth Management LLC bought a new position in HCI Group in the 3rd quarter worth approximately $25,000. Farther Finance Advisors LLC grew its holdings in HCI Group by 46.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 285 shares of the insurance provider's stock valued at $50,000 after buying an additional 91 shares in the last quarter. Tactive Advisors LLC bought a new stake in shares of HCI Group during the third quarter valued at approximately $374,000. Tidal Investments LLC bought a new stake in shares of HCI Group during the second quarter valued at approximately $236,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of HCI Group during the second quarter valued at approximately $57,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Price Performance

NYSE HCI opened at $197.11 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.03. HCI Group has a 12 month low of $144.75 and a 12 month high of $210.50. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 8.50 and a beta of 1.05. The company's 50 day moving average is $184.46 and its two-hundred day moving average is $170.70.

HCI Group (NYSE:HCI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, topping analysts' consensus estimates of $5.04 by $0.56. The business had revenue of $246.65 million during the quarter, compared to analyst estimates of $247.43 million. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. As a group, research analysts anticipate that HCI Group will post 20.45 earnings per share for the current year.

About HCI Group

HCI Group, Inc is a holding company headquartered in Tampa, Florida, that operates businesses in property and casualty insurance, real estate, and insurance-related technology. Its principal activities center on providing property insurance products for residential policyholders, with an emphasis on coverage for homeowners and other property owners.

HCI's insurance operations have historically served customers primarily in Florida and other U.S. markets through affiliated insurance companies, including Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company.

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