HCI Group, Inc. (NYSE:HCI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of HCI Group, Inc. (NYSE:HCI) have earned an average rating of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $129.25.

Several brokerages recently weighed in on HCI. StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, October 15th. Finally, Compass Point reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of HCI Group in a report on Monday, October 21st.

HCI Group Stock Performance

Shares of HCI stock opened at $112.02 on Friday. The company has a market cap of $1.17 billion, a P/E ratio of 8.76 and a beta of 1.12. The business has a 50 day moving average of $106.38 and a two-hundred day moving average of $100.34. HCI Group has a 52 week low of $61.23 and a 52 week high of $124.00. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The business had revenue of $206.25 million during the quarter, compared to analyst estimates of $196.67 million. During the same quarter in the previous year, the firm posted $1.22 EPS. As a group, analysts anticipate that HCI Group will post 6.15 EPS for the current year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.43%. HCI Group’s dividend payout ratio is presently 12.51%.

Hedge Funds Weigh In On HCI Group

Hedge funds have recently modified their holdings of the company. Point72 DIFC Ltd acquired a new position in shares of HCI Group in the 2nd quarter worth approximately $26,000. Gladius Capital Management LP bought a new position in shares of HCI Group in the second quarter valued at $31,000. GAMMA Investing LLC lifted its position in shares of HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 178 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of HCI Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after acquiring an additional 300 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of HCI Group by 115.4% in the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after acquiring an additional 495 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.