HCI Group (NYSE:HCI) Hits New 1-Year High – Should You Buy?

HCI Group, Inc. (NYSE:HCI)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $142.00 and last traded at $141.34, with a volume of 13170 shares changing hands. The stock had previously closed at $139.60.

Analyst Upgrades and Downgrades

Separately, Truist Financial reissued a “buy” rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

HCI Group Trading Up 1.5 %

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average price is $126.53 and its two-hundred day moving average price is $117.10. The firm has a market cap of $1.52 billion, a PE ratio of 11.83 and a beta of 1.14.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.75) by $3.06. The business had revenue of $161.88 million during the quarter, compared to the consensus estimate of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. As a group, sell-side analysts forecast that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group’s dividend payout ratio (DPR) is presently 18.18%.

Institutional Trading of HCI Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in shares of HCI Group by 5.5% in the fourth quarter. Wellington Management Group LLP now owns 154,839 shares of the insurance provider’s stock valued at $18,043,000 after purchasing an additional 8,101 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HCI Group in the 4th quarter valued at about $3,526,000. ProShare Advisors LLC purchased a new position in HCI Group in the fourth quarter worth $291,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of HCI Group by 5.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider’s stock worth $548,000 after purchasing an additional 247 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in HCI Group in the fourth quarter valued at about $255,000. 86.99% of the stock is currently owned by institutional investors.

About HCI Group

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.