Homeowners Choice Inc (HCI) Receives $46.00 Average PT from Analysts

Homeowners Choice Inc (NYSE:HCI) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $46.00.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Homeowners Choice from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. TheStreet upgraded Homeowners Choice from a “c” rating to a “b-” rating in a report on Tuesday, March 6th. Finally, ValuEngine upgraded Homeowners Choice from a “sell” rating to a “hold” rating in a report on Thursday, March 1st.

How to Become a New Pot Stock Millionaire

NYSE HCI traded down $0.39 on Thursday, reaching $38.49. 55,039 shares of the stock traded hands, compared to its average volume of 94,297. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $364.04, a P/E ratio of -51.32 and a beta of 1.88. Homeowners Choice has a 12 month low of $27.11 and a 12 month high of $49.25.

Homeowners Choice (NYSE:HCI) last announced its quarterly earnings data on Tuesday, March 6th. The insurance provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.32. Homeowners Choice had a negative return on equity of 3.21% and a negative net margin of 2.82%. The company had revenue of $61.62 million during the quarter, compared to the consensus estimate of $62.98 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. research analysts predict that Homeowners Choice will post 3.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 16th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.64%. Homeowners Choice’s dividend payout ratio is -186.67%.

Institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC acquired a new position in Homeowners Choice during the fourth quarter worth $130,000. Ellington Management Group LLC acquired a new stake in shares of Homeowners Choice in the fourth quarter valued at about $209,000. Municipal Employees Retirement System of Michigan grew its position in shares of Homeowners Choice by 155.7% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 7,850 shares of the insurance provider’s stock valued at $235,000 after purchasing an additional 4,780 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Homeowners Choice in the third quarter valued at about $244,000. Finally, Virtu Financial LLC acquired a new stake in shares of Homeowners Choice in the fourth quarter valued at about $248,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/08/homeowners-choice-inc-hci-receives-46-00-average-pt-from-analysts.html.

Homeowners Choice Company Profile

HCI Group, Inc primarily engages in the property and casualty insurance business in Florida. It provides property and casualty insurance to homeowners, condominium owners, and tenants; and reinsurance. The company also owns and operates one full-service restaurant, two marinas, two retail shopping centers, and one office building.

Receive News & Ratings for Homeowners Choice Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Homeowners Choice and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply