The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about HCI Group (HCI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.HCI Group currently has an averag ...

HCI Group (HCI) closed at $109.91 in the latest trading session, marking a -1.69% move from the prior day. This change lagged the S&P 500's 0.58% loss on the day. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 1.15%.Prior to today's trading, shares of the property and casualty insurance holding company had gained 1.3% over the past month. This has outpaced the Finance sector's loss of 6.34% and the S&P 500's loss of 1.09% in that time.The investment community will be paying close atten ...

The recent consumer price index (CPI) data revealed that U.S. inflation is running hotter than anticipated. Prices rose 0.4% in March over the previous month and 3.5% year over year, surpassing forecasts of 0.3% and 3.4%, respectively. The data confirmed concerns that inflation is stickier than expected and lowered expectations for imminent interest rate cuts by the Federal Reserve.Market predictions for rate cuts in June have shifted significantly since the CPI release. The Fed is determined not to cut rat ...

HCI Group (HCI) closed at $110.22 in the latest trading session, marking a +0.8% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 1.2% for the day. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 1.79%.The property and casualty insurance holding company's shares have seen a decrease of 1.81% over the last month, surpassing the Finance sector's loss of 5.6% and falling behind the S&P 500's loss of 0.85%.The upcoming earnings release of HCI Group will be ...

TAMPA, Fla., April 11, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, will hold a conference call on Wednesday, May 8, 2024, at 4:45 p.m. Eastern time to discuss results for the first quarter ended March 31, 2024. Financial results will be issued in a press release the same day after the close of the market. HCI management will host the presentation, followed by a question-and-answ ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. HCI Group (HCI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.HCI Group is one of 859 companies in the Finance group. The Finance group currently sits ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34126 HCI Group, Inc. (Exact name of Registrant as specified in its charter) (State of Incorporation) (IRS Employer Florida 20-5961396 Identification No.) 3802 Coconut Palm Drive ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34126 HCI Group, Inc. (Exact name of registrant as specified in its charter) (State of Incorporation) Florida 20-5961396 (IRS Employer Identification No.) 3802 Coconut P ...

Financial Data and Key Metrics Changes - The company reported pretax income of $20.1 million and diluted earnings per share of $1.43 for the third quarter, marking the third consecutive quarter of pretax income over $20 million [36][40] - Gross premiums earned increased by almost 4% in the third quarter, while the consolidated gross loss ratio improved to approximately 32% when adjusted for catastrophe losses [36][41] - Shareholder equity grew by about 25% year-to-date, with book value per share rising from $18.91 at the start of the year to $23.27 at the end of the third quarter [41] Business Line Data and Key Metrics Changes - Homeowner's Choice and TypTap Insurance Group both contributed positively to quarterly results, with TypTap reporting its third consecutive quarter of GAAP profitability [37] - The company is approved to assume up to 125,000 policies from Citizens, which is expected to add between $150 million to $250 million of in-force premium [38][41] Market Data and Key Metrics Changes - The Florida homeowner's market is stabilizing due to legislative reforms, providing policyholders with greater consumer choice [37] - The competitive environment in Florida is mixed, with some companies shrinking while new startups are entering the market [9] Company Strategy and Development Direction - The company is forming a new reciprocal carrier in Florida, named Condo Owners Reciprocal Exchange, to enter the commercial residential insurance space [2][3] - The company is focused on top-line growth and plans to leverage its technology and capabilities for better risk selection in the current market [21][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for continued growth in Q4 and a bright outlook for 2024, driven by the assumption of policies from Citizens and improving loss trends [3][41] - The company is taking a prudent approach to reserving, maintaining flat net reserves despite a decrease in open claims [6][41] Other Important Information - The company paid a dividend of $0.40 per share, marking its 52nd consecutive quarterly dividend [38] - Investment income totaled $9.4 million, primarily from cash and fixed income holdings, benefiting from the current rate environment [36][41] Q&A Session Summary Question: Can you provide insights into the underlying loss trends? - Management noted significant decreases in claim frequency, with adjusted claims frequency down about 20% quarter-over-quarter and litigation down 30% to 40% [6] Question: What is the expected average policy size for the takeouts from Citizens? - The estimated average premium per policy is approximately $3,700 [7] Question: How is the competitive environment in Florida? - The competitive landscape is mixed, with some companies shrinking while new startups are emerging, and the Florida insurance space is improving [9] Question: What is the strategy behind the new reciprocal exchange? - The new reciprocal exchange aims to enter a tough commercial residential market, providing value to both shareholders and policyholders [14] Question: What is the expected hit rate for the policies being taken from Citizens? - The expected hit rate is between 40% and 60%, with the company focusing on smooth transitions for policyholders [28][29]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34126 HCI Group, Inc. (Exact name of registrant as specified in its charter) (State of Incorporation) Florida 20-5961396 (IRS Employer Identification No.) 3802 Coconut Palm D ...