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

HCI Group, Inc. (NYSE:HCI) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $140.00.

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

HCI Group Stock Up 0.6 %

Shares of NYSE HCI opened at $116.71 on Thursday. 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 has a 12-month low of $81.35 and a 12-month high of $124.00. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $111.97 and its 200-day moving average price is $100.52.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. HCI Group’s dividend payout ratio is currently 13.37%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of HCI Group in the 2nd quarter valued at about $26,000. Gladius Capital Management LP purchased a new position in HCI Group during the second quarter valued at approximately $31,000. GAMMA Investing LLC increased its holdings in HCI Group by 80.9% during the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after buying an additional 178 shares during the period. CWM LLC raised its stake in HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after buying an additional 495 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in HCI Group by 49.1% during the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after buying an additional 300 shares during the period. 86.99% of the stock is currently owned by hedge funds and other 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.