
HCI Group (HCI) Stock Forecast & Price Target
HCI Group (HCI) Analyst Ratings
Bulls say
HCI Group Inc. experienced a significant increase in financial performance, with third-quarter gross premiums written reaching $315 million, reflecting a 17% year-over-year growth, supported by contributions from both Homeowners Choice and TypTap. The company's gross premiums earned also rose 13% to $301 million, indicating strong ongoing demand in the property and casualty insurance sector. Additionally, the scaling of operations has led to improved profitability while simultaneously reducing exposure to storm-related volatility, reinforcing a favorable outlook for the company's financial stability moving forward.
Bears say
HCI Group's stock outlook is negatively influenced by a significant decline in revenue from its Condo Owners Reciprocal Exchange (CORE) operation, which fell to $6 million from $11 million year-over-year. Additionally, while claims frequency showed a reduction, the anticipated slight loss in earnings per share due to the IPO of Exzeo, along with substantial risks associated with regulatory changes and catastrophic events in Florida, raises further concerns. The company's reliance on its insurance operations, particularly amidst fluctuating reinsurance pricing and adverse economic conditions, heightens the risk profile for investors.
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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