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

HCI Group, Inc. (NYSE:HCI) has received an average recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $130.25.

HCI has been the topic of a number of research analyst reports. JMP Securities lifted their price target on HCI Group from $135.00 to $145.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. StockNews.com lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

HCI Group Price Performance

Shares of NYSE HCI opened at $104.98 on Friday. 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 firm has a fifty day moving average of $94.56 and a 200 day moving average of $100.61. The firm has a market cap of $1.10 billion, a PE ratio of 10.68 and a beta of 1.13. HCI Group has a one year low of $50.01 and a one year high of $121.57.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.63. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. The firm had revenue of $206.25 million during the quarter, compared to the consensus estimate of $196.67 million. During the same quarter in the prior year, the firm earned $1.22 EPS. As a group, research analysts predict that HCI Group will post 12.37 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 16th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. HCI Group’s dividend payout ratio is currently 16.28%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HCI. Point72 DIFC Ltd purchased a new stake in HCI Group in the second quarter valued at $26,000. Quest Partners LLC purchased a new stake in HCI Group in the 4th quarter valued at about $28,000. Gladius Capital Management LP acquired a new position in HCI Group in the second quarter valued at about $31,000. CWM LLC boosted its stake in HCI Group by 115.4% during the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after buying an additional 495 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of HCI Group during the second quarter valued at about $201,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.