HCI Group
About: HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property & Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.
Employees: 578
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
82% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 50
19% more capital invested
Capital invested by funds: $753M [Q2] → $897M (+$144M) [Q3]
2.03% more ownership
Funds ownership: 77.94% [Q2] → 79.97% (+2.03%) [Q3]
1% more funds holding
Funds holding: 197 [Q2] → 199 (+2) [Q3]
7% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 28
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$120
6%
upside
Avg. target
$140
23%
upside
High target
$150
32%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Truist Securities Mark Hughes 70% 1-year accuracy 45 / 64 met price target | 28%upside $145 | Buy Reiterated | 17 Dec 2024 |
Oppenheimer Michael Phillips 47% 1-year accuracy 7 / 15 met price target | 32%upside $150 | Outperform Maintained | 8 Nov 2024 |
Compass Point Casey Alexander 60% 1-year accuracy 9 / 15 met price target | 6%upside $120 | Neutral Downgraded | 21 Oct 2024 |
JMP Securities Matthew Carletti 72% 1-year accuracy 46 / 64 met price target | 28%upside $145 | Market Outperform Reiterated | 15 Oct 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
1 week ago
Is It Worth Investing in HCI Group (HCI) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Neutral
Seeking Alpha
1 month ago
HCI Group Q3: Strong Operational Performance Even In A Tough Hurricane Season
HCI Group, Inc. reported strong Q3 growth in premiums despite hurricanes, but missed revenue and EPS consensus, leading to a 6% share price drop. The company has a solid balance sheet with $520m in cash and $185m in long-term debt, maintaining profitability despite increased hurricane-related expenses. Management expects higher expenses in Q4 due to Hurricane Milton but anticipates continued profitability and growth from adding 42,000 policyholders.
Neutral
Seeking Alpha
1 month ago
HCI Group, Inc. (HCI) Q3 2024 Earnings Call Transcript
HCI Group, Inc. (NYSE:HCI ) Q3 2024 Earnings Conference Call November 7, 2024 4:45 PM ET Company Participants Matt Glover - Senior Managing Director-Gateway Investor Relations Karin Coleman - Chief Operating Officer Mark Harmsworth - Chief Financial Officer Paresh Patel - Chief Executive Officer Conference Call Participants Matt Carletti - Citizens JMP Mark Hughes - Truist Casey Alexander - Compass Point Michael Phillips - Oppenheimer Operator Good afternoon, and welcome to HCI Group's Third Quarter 2024 Earnings Call. My name is Paul, and I will be your conference operator.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, HCI Group (HCI) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for HCI Group (HCI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
HCI Group (HCI) Q3 Earnings Top Estimates
HCI Group (HCI) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $1.41 per share a year ago.
Positive
Zacks Investment Research
1 month ago
Unveiling HCI Group (HCI) Q3 Outlook: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for HCI Group (HCI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Negative
Zacks Investment Research
1 month ago
Analysts Estimate HCI Group (HCI) to Report a Decline in Earnings: What to Look Out for
HCI Group (HCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Negative
Zacks Investment Research
1 month ago
HCI Group (HCI) Stock Sinks As Market Gains: Here's Why
HCI Group (HCI) reachead $116.20 at the closing of the latest trading day, reflecting a -0.77% change compared to its last close.
Neutral
GlobeNewsWire
1 month ago
HCI Group Declares Quarterly Cash Dividend
TAMPA, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share. The dividend is scheduled to be paid December 20, 2024 to shareholders of record at the close of business November 15, 2024.
Positive
Zacks Investment Research
1 month ago
HCI Group, Inc. (HCI) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to HCI Group (HCI). This makes it worthwhile to examine what the stock has in store.
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