HCI Group, Inc. (NYSE:HCI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of HCI Group, Inc. (NYSE:HCI) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $140.00.

Several equities research analysts recently weighed in on HCI shares. JMP Securities reiterated a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, October 15th. Compass Point reaffirmed a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Oppenheimer boosted their price objective on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Truist Financial increased their target price on HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

HCI Group Stock Up 0.6 %

Shares of NYSE:HCI opened at $116.71 on Thursday. The company’s fifty day moving average is $111.97 and its two-hundred day moving average is $100.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. HCI Group has a 1-year low of $81.35 and a 1-year high of $124.00. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.75 and a beta of 1.12.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. HCI Group’s dividend payout ratio (DPR) is presently 13.37%.

Institutional Trading of HCI Group

Several large investors have recently added to or reduced their stakes in HCI. Hood River Capital Management LLC boosted its position in HCI Group by 6.3% during the 2nd quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider’s stock worth $70,745,000 after acquiring an additional 45,668 shares during the period. Khrom Capital Management LLC increased its holdings in shares of HCI Group by 225.3% during the second quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock valued at $54,123,000 after purchasing an additional 406,698 shares during the period. Vanguard Group Inc. raised its stake in shares of HCI Group by 6.7% during the first quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock valued at $58,034,000 after purchasing an additional 31,234 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in HCI Group by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 339,951 shares of the insurance provider’s stock worth $31,333,000 after purchasing an additional 17,077 shares during the period. Finally, State Street Corp lifted its holdings in HCI Group by 7.7% in the third quarter. State Street Corp now owns 291,244 shares of the insurance provider’s stock worth $31,181,000 after purchasing an additional 20,910 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.