HCI Group, Inc. (NYSE:HCI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of HCI Group, Inc. (NYSE:HCI) have been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $140.00.

Several equities research analysts have weighed in on HCI shares. JMP Securities restated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Compass Point restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Oppenheimer lifted their target price 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 reissued a “buy” rating and issued a $145.00 target price on shares of HCI Group in a report on Tuesday, December 17th.

Institutional Investors Weigh In On HCI Group

Several hedge funds have recently added to or reduced their stakes in the business. Khrom Capital Management LLC increased its position in HCI Group by 225.3% in the 2nd quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock valued at $54,123,000 after acquiring an additional 406,698 shares during the period. Two Sigma Advisers LP grew its stake in shares of HCI Group by 196.5% in the third quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider’s stock worth $16,252,000 after purchasing an additional 100,600 shares during the last quarter. American Century Companies Inc. increased its holdings in HCI Group by 130.5% in the second quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider’s stock valued at $10,164,000 after purchasing an additional 62,438 shares during the period. Wellington Management Group LLP raised its position in HCI Group by 58.3% during the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider’s stock worth $15,710,000 after purchasing an additional 54,050 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in HCI Group by 1,648.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider’s stock worth $6,102,000 after buying an additional 53,737 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Trading Up 1.9 %

HCI opened at $113.37 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group has a twelve month low of $81.35 and a twelve month high of $126.50. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.47 and a beta of 1.11. The company has a 50-day simple moving average of $114.85 and a 200 day simple moving average of $102.48.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.41%. HCI Group’s dividend payout ratio is presently 13.37%.

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.