Analysts Set HCI Group, Inc. (NYSE:HCI) Price Target at $129.25

HCI Group, Inc. (NYSE:HCI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $129.25.

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of HCI Group from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday, October 15th. Finally, Compass Point reiterated a "neutral" rating and issued a $120.00 price target (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st.

HCI Group Trading Down 1.1 %

Shares of HCI stock traded down $1.29 during mid-day trading on Friday, hitting $112.02. The company's stock had a trading volume of 116,602 shares, compared to its average volume of 222,430. HCI Group has a 52 week low of $61.23 and a 52 week high of $124.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44. The company's fifty day simple moving average is $106.38 and its 200-day simple moving average is $100.28. The company has a market cap of $1.17 billion, a PE ratio of 8.76 and a beta of 1.12.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.63. The firm had revenue of $206.25 million for the quarter, compared to analyst estimates of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same period in the previous year, the firm earned $1.22 earnings per share. As a group, equities research analysts expect that HCI Group will post 6.15 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, November 15th. HCI Group's dividend payout ratio (DPR) is presently 12.51%.

Hedge Funds Weigh In On HCI Group

Several large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of HCI Group in the 1st quarter worth approximately $407,000. State of Alaska Department of Revenue grew its stake in HCI Group by 12.2% in the 1st quarter. State of Alaska Department of Revenue now owns 4,152 shares of the insurance provider's stock valued at $481,000 after purchasing an additional 453 shares during the period. Maryland State Retirement & Pension System purchased a new stake in shares of HCI Group during the 1st quarter valued at $269,000. BNP Paribas Financial Markets raised its stake in shares of HCI Group by 271.1% during the 1st quarter. BNP Paribas Financial Markets now owns 30,783 shares of the insurance provider's stock worth $3,573,000 after purchasing an additional 22,489 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of HCI Group by 64.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,752 shares of the insurance provider's stock worth $1,480,000 after buying an additional 4,997 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

HCI Group Company Profile

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.