
HCI Group (HCI) Stock Forecast & Price Target
HCI Group (HCI) Analyst Ratings
Bulls say
HCI Group, Inc. has demonstrated robust financial growth, reporting third-quarter gross premiums written of $315 million, reflecting a 17% year-over-year increase, which continues the upward trend seen in the second quarter. This positive trajectory is underscored by significant contributions from both Homeowners Choice, with an 11% rise in premiums to $183 million, and TypTap, whose premiums advanced by 17% to $110 million. Additionally, the company's improved scale and profitability have notably reduced volatility associated with storm activity, further enhancing its financial stability and outlook.
Bears say
HCI Group's negative outlook is underpinned by a decline in premium revenue stemming from its Condo Owners Reciprocal Exchange operation, which dropped to $6 million from $11 million year-over-year, indicating weakening performance in this segment. Additionally, the company faces heightened risks from potential regulatory changes, catastrophic loss events, and scrutiny surrounding related-party transactions, all of which could adversely impact financial stability and reinsurance costs. Furthermore, the company’s plans for an upcoming IPO could lead to a short-term decline in earnings per share due to the non-controlling interest in the economics of its subsidiary.
This aggregate rating is based on analysts' research of HCI Group and is not a guaranteed prediction by Public.com or investment advice.
HCI Group (HCI) Analyst Forecast & Price Prediction
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