Analysts Set HCI Group, Inc. (NYSE:HCI) Target Price at $130.25

HCI Group, Inc. (NYSE:HCI) has been given a consensus rating of “Buy” by the five ratings firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $130.25.

A number of equities analysts have weighed in on the stock. JMP Securities raised their target price on shares of HCI Group from $135.00 to $145.00 and gave the company a “market outperform” rating in a research note on Friday, August 9th. StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

HCI Group Stock Performance

Shares of HCI opened at $102.81 on Friday. HCI Group has a one year low of $50.01 and a one year high of $121.57. The company has a 50-day simple moving average of $92.99 and a two-hundred day simple moving average of $100.44. The firm has a market capitalization of $1.08 billion, a PE ratio of 10.46 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. The business had revenue of $206.25 million during the quarter, compared to the consensus estimate of $196.67 million. During the same quarter last year, the firm earned $1.22 earnings per share. On average, analysts anticipate that HCI Group will post 12.37 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, August 16th. HCI Group’s dividend payout ratio is currently 16.28%.

Institutional Investors Weigh In On HCI Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its stake in shares of HCI Group by 8.4% during the 4th quarter. Swiss National Bank now owns 14,200 shares of the insurance provider’s stock worth $1,241,000 after acquiring an additional 1,100 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of HCI Group during the 4th quarter worth $671,000. Trexquant Investment LP purchased a new position in shares of HCI Group during the 4th quarter worth $628,000. Quest Partners LLC purchased a new position in shares of HCI Group during the 4th quarter worth $28,000. Finally, Monashee Investment Management LLC purchased a new position in shares of HCI Group during the 4th quarter worth $1,730,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

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.