
HCI Group (HCI) Stock Forecast & Price Target
HCI Group (HCI) Analyst Ratings
Bulls say
HCI Group Inc. demonstrated significant growth in the third quarter, reporting gross premiums written of $315 million, a 17% increase year over year, which reflects a continued positive trend from the previous quarter. The company's primary insurance segment, Homeowners Choice, saw gross premiums rise by 11%, while TypTap experienced a substantial 17% increase, indicating robust demand for its insurance products. Additionally, enhanced profitability and reduced volatility from storm activity further bolster the outlook for HCI Group, as evidenced by revised earnings estimates reflecting improved operational performance.
Bears say
HCI Group faces significant risks that contribute to a negative outlook, including potential regulatory changes and the threat of catastrophic losses from hurricanes and flooding, which may exceed current projections. Additionally, the company has experienced a decline in revenue from its Condo Owners Reciprocal Exchange, with premium income falling to $6 million from $11 million in the previous year, signaling potential struggles in maintaining revenue streams. Furthermore, HCI's dependence on favorable reinsurance pricing is precarious, as any adverse shifts could impact profitability and pass-through costs to customers negatively, compounded by broader economic conditions in Florida.
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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