Hci Group Intrinsic Value Calculator – HCI Group Assumes $30M of Premium from Citizens Property Insurance
December 21, 2023
🌥️Trending News
The HCI ($NYSE:HCI) Group, Inc. is a publicly traded company (NASDAQ: HCII) that provides integrated technology-enabled services in the property and casualty insurance industry. Recently, the HCI Group has announced the assumption of $30M of in-force premium from Citizens Property Insurance Corporation. The assumption of premium from Citizens Property Insurance will involve a shift in the company’s operations and will enable HCI Group to gain access to new markets and further expand their services. The company will be taking over the policies of Citizens Property Insurance, which will include residential and commercial lines of business, providing customers with an additional coverage option.
The new policyholders will benefit from the convenience of having all their policy information in one place, as well as the added assurance of having an established and reliable insurer like HCI Group managing their policies. This move marks a significant milestone for the HCI Group as they continue to expand their presence in the insurance industry. They are confident that this acquisition will bring a great value to their customers, and that it is a positive step forward in their mission to provide comprehensive insurance solutions to individuals and businesses.
Market Price
This news saw the company’s stock open at $87.0 and close at $87.3, resulting in a 1.5% increase from the previous day’s closing price of 86.0. Investors were encouraged by the announcement, and HCI GROUP’s stock price responded favorably to the news. With this acquisition, HCI GROUP is continuing to expand its portfolio and presence in the property and casualty insurance market. The company remains confident that it is well positioned to capitalize on future opportunities in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hci Group. More…
| Total Revenues | Net Income | Net Margin |
| 503.28 | 40.68 | 8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hci Group. More…
| Operations | Investing | Financing |
| 95.57 | -97.47 | -29.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hci Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.72k | 1.43k | 23.27 |
Key Ratios Snapshot
Some of the financial key ratios for Hci Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.5% | – | 15.3% |
| FCF Margin | ROE | ROA |
| 17.4% | 24.9% | 2.8% |
Analysis – Hci Group Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of HCI GROUP‘s wellbeing. Our proprietary Valuation Line has calculated the fair value of HCI GROUP share to be around $87.9. Currently, HCI GROUP stock is traded at $87.3, a price which is indicative of fair market conditions. This suggests that investors are putting a fair value on the company, and we view this as a positive sign for HCI GROUP’s future prospects. More…
Peers
There is intense competition between HCI Group Inc and its competitors Safety Insurance Group Inc, United Fire Group Inc, and National Security Group Inc. All four companies are vying for market share in the highly competitive insurance industry. HCI Group Inc has a strong history of financial stability and customer satisfaction, which gives it a competitive advantage in the marketplace.
– Safety Insurance Group Inc ($NASDAQ:SAFT)
The company’s market capitalization is $1.22 billion. Its ROE is 8.69%. Insurance Services
– United Fire Group Inc ($NASDAQ:UFCS)
United Fire Group Inc. (UFCS) is a holding company that operates through its insurance subsidiaries. The Company provides property and casualty insurance products, including commercial lines, personal lines, surety, and workers’ compensation. UFCS offers its products through independent insurance agents in the United States.
Summary
HCI Group, Inc. is an insurance holding company that specializes in property and casualty insurance. The company is focused on providing property and casualty insurance in Florida and has recently acquired additional coverage through Citizens Property Insurance Corporation. Despite its strong performance so far, HCI Group remains committed to providing value to its policyholders and shareholders through prudent investment management and strategic acquisition of in-force premium.
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