HCI Group (NYSE:HCI) Trading Down 3.9% – What’s Next?

HCI Group, Inc. (NYSE:HCI) shares were down 3.9% during trading on Friday . The stock traded as low as $106.89 and last traded at $109.95. Approximately 121,946 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 102,328 shares. The stock had previously closed at $114.47.

Analysts Set New Price Targets

HCI has been the subject of a number of recent research reports. Truist Financial reissued a “buy” rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. Compass Point reissued a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Oppenheimer raised their target price on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, JMP Securities reiterated a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.00.

HCI Group Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The business has a 50-day simple moving average of $114.78 and a 200 day simple moving average of $103.79. The firm has a market cap of $1.16 billion, a P/E ratio of 9.21 and a beta of 1.13.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, November 15th. HCI Group’s payout ratio is 13.37%.

Institutional Investors Weigh In On HCI Group

A number of large investors have recently modified their holdings of HCI. Point72 DIFC Ltd bought a new stake in shares of HCI Group during the second quarter valued at approximately $26,000. GAMMA Investing LLC boosted its holdings in shares of HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after buying an additional 178 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of HCI Group by 49.1% in the 3rd 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. CWM LLC increased its stake in shares of HCI Group by 34.2% in the 3rd quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock worth $133,000 after acquiring an additional 316 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in HCI Group during the 2nd quarter valued at about $201,000. Institutional investors own 86.99% of the company’s stock.

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.