HCI Group Inc (HCI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of HCI Group Inc stock $211, price $186, upside +13.6%, quality 77 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $26.48 – $206.68 · fair‑value band $147.52 – $264.16 · the $186.03 price screens below the $211.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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HCI Group, Inc., together with its subsidiaries, engages in the property and casualty insurance business in the United States. The company operates through Insurance Operations, Exzeo, Reciprocal Exchange Operations, and Real Estate segments.
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It provides homeowners' property and casualty insurance products; claim adjusting and processing services; turnkey insurance technology and operations solutions to property and casualty insurance carriers and its agents through the Exzeo platform; and SAMSTM, a web-based system designed to automate and streamline the process of managing insurance policies.
The company also offers Harmony, a policy administration platform; ClaimColony, an end-to-end claims management platform; AtlasViewer, a mapping and data visualization platform.
In addition, it is involved in reciprocal exchange operations; and developing and operating commercial properties for investment purposes. The company was formerly known as Homeowners Choice, Inc. and changed its name to HCI Group, Inc. in May 2013.
HCI Group, Inc. was incorporated in 2006 and is headquartered in Tampa, Florida.
Stock analysis
HCI Group Inc (HCI) currently trades at $186.03, while our model-based Fair Value estimate is $211.32, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $236.06 per share, and 2 of the 6 models we run sit above the $186.03 price.
Bear case: the Dividend Discount group reads lowest at $25.08, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $147.52 (bear) to $264.16 (bull), the price of $186.03 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 77/100 (high quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
HCI Group Inc reported revenue of $901M in FY2025 versus $403M in FY2021, a compound +22.3%/yr. Reported net income was $299M in FY2025, compounding +256.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $2.4B Mid · P/E ratio 8.0 · P/S ratio 2.52 · EPS (TTM) $23.20 · Dividend yield 0.9% · Net margin 32.6% · Return on equity 35.0% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 86 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at 14%, HCI screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($12.55 to $312.49). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$147.52Fair Value $211.32Bull$264.16
Price $186.03 · Upside +13.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($18.52 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus 13 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+20.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.7%
Start year 2020 (pandemic). Over 10 years: +12.2% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+30.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+58.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+57.1%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.55.0% vs 15.8%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 48%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−26.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −28.5% a year for the price and +4.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (93 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: High margins and recent reinsurance improvements support earnings execution, yet thin evidence of durable competitive advantages and heavy catastrophe exposure in Florida limit overall business quality.
Main risk: Severe weather events in its Florida-heavy property book would produce large swings in catastrophe claims and directly erode underwriting margins and earnings stability.
HCI Group has improved its 2026-2027 catastrophe reinsurance terms, raising coverage while cutting ceded premiums by over 10 percent for quarterly savings above 10 million dollars. This bolsters recent earnings execution in a Florida-heavy book. Yet the business still hinges on reinsurance pricing stability and faces large swings from severe weather. Will those reinsurance savings hold up better than the exposure to catastrophe claims?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Property & Casualty · 100 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "HCI Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/HCI
Frequently asked questions
Is HCI Group Inc (HCI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $211.32 versus a price of $186.03, about +14% upside (undervalued).
What is the fair value of HCI?
Our model-based fair value for HCI Group Inc is $211.32 (as of Nov 8, 2026), built from audited fundamentals. The current price: $186.03.
What is the quality score of HCI?
HCI Group Inc has a Quality Score of 77/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for HCI Group Inc (HCI)?
Our model-based price target is the fair value of $211.32 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario $147.52, optimistic scenario $264.16. It is a calculation from audited fundamentals, not an analyst target.
What is the HCI Group Inc stock forecast for 2026?
Our models put fair value at $211.32, about +14% upside versus a price of $186.03 (undervalued). Cautious scenario $147.52, optimistic scenario $264.16. The calculation is refreshed regularly with new filings.
What is the revenue of HCI Group Inc (HCI)?
HCI Group Inc reported trailing-twelve-month revenue of about $952M (latest available figure, as of Nov 8, 2026).
Does HCI Group Inc pay a dividend?
HCI Group Inc currently shows a dividend yield of 0.86% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of HCI Group Inc (HCI) and when is the ex-dividend date?
HCI Group Inc pays a dividend of $1.60 per share a year, a dividend yield of 0.9%. The next ex-dividend date is Nov 20, 2026, with payment on Dec 18, 2026. A dividend has been paid every year since at least 2010. The payout ratio is 6.9% of earnings. Free cash flow covers the dividend 22.33 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into HCI Group Inc (HCI)?
For today's price to be fair in a discounted-cash-flow model, HCI Group Inc would have to grow free cash flow by -26.8 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of HCI use?
Our models discount HCI Group Inc at 9.6 %: a base by market capitalisation (mid), damped by beta 0.93, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For HCI Group Inc that is -26.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has HCI Group Inc (HCI) delivered so far?
Over the past 5 years revenue at HCI Group Inc grew +26.7 % a year. The price currently implies free-cash-flow growth of -26.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of HCI Group Inc (HCI) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into HCI Group Inc (-26.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of HCI Group Inc (HCI)?
The free-cash-flow yield on the price is 18.54 %: that much free cash flow HCI Group Inc produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HCI Group Inc (HCI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HCI Group Inc it is $211.32 per share (as of Nov 8, 2026), against a price of $186.03. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is HCI Group Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, HCI trades below its calculated fair value: price $186.03, fair value $211.32, a gap of about +14% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HCI?
No. The price is what the market pays today ($186.03); the fair value is what the company's own numbers justify ($211.32). For HCI Group Inc the two are $25.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is HCI Group Inc worth?
The market values HCI Group Inc at about $2.4B (market capitalisation, as of Nov 8, 2026). Per share that is $186.03; our models calculate a fair value of $211.32 per share.
What do the bullish and bearish scenarios say about HCI?
Our models span a range for HCI Group Inc: cautious scenario $147.52, base $211.32, optimistic $264.16 per share (as of Nov 8, 2026, price $186.03). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HCI?
HCI Group Inc trades at a price-to-earnings ratio of 8.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $211.32 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 14.6. Other multiples: PEG 1.0, P/B 2.3, P/S 2.5, EV/EBITDA 2.6.
What is the PEG ratio of HCI?
The PEG ratio of HCI Group Inc is 0.97 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of HCI Group Inc (HCI)?
Balance-sheet figures for HCI Group Inc (as of Nov 8, 2026): return on equity 35.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is HCI from its 52-week high?
HCI Group Inc trades at $186.03, about 10% below its 52-week high of $206.68 and 25% above the low of $148.27 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $211.32 is for.
Which stocks are comparable to HCI Group Inc?
From the same area (Financial Services) we also value Chubb Limited, The Progressive Corporation, The Travelers Companies, Inc, The Allstate Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HCI Group Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $186.03, calculated fair value $211.32 (+14%), Quality Score 77/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HCI calculated?
We run HCI Group Inc through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $211.32 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. HCI Group Inc currently trades 12% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HCI Group Inc (HCI)?
The closing price on Nov 6, 2026 was $186.03. Our model-based fair value is $211.32, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HCI Group Inc right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of HCI Group Inc (HCI) come from?
Earnings per share at HCI Group Inc grew +12.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.8 %, EBIT margin +0.5 %, tax rate +1.8 %, residual (interest, one-offs) −0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of HCI Group Inc
How large is the market capitalisation of HCI Group Inc (HCI)?
The market capitalisation of HCI Group Inc is $2.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HCI Group Inc (HCI)?
The price-to-sales ratio of HCI Group Inc is 2.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HCI Group Inc (HCI)?
Earnings per share at HCI Group Inc are $23.20 (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HCI Group Inc (HCI)?
The dividend yield of HCI Group Inc is 0.9% (payout 6.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of HCI Group Inc (HCI)?
The net margin of HCI Group Inc is 32.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HCI Group Inc (HCI)?
The return on equity (ROE) of HCI Group Inc is 35.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HCI Group Inc (HCI)?
On an EBIT basis the return on assets of HCI Group Inc is 5.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HCI Group Inc (HCI)?
The operating margin of HCI Group Inc is 45.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HCI Group Inc (HCI)?
Revenue at HCI Group Inc is growing +11.1% versus a year earlier (3y avg +22.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at HCI Group Inc (HCI)?
Earnings per share at HCI Group Inc are growing +8.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does HCI Group Inc (HCI) hold?
HCI Group Inc holds more cash than debt, $1.1B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026