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

HCI Group, Inc. (NYSE:HCI) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $140.00.

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

HCI Group Stock Performance

HCI stock opened at $116.71 on Thursday. The firm has a 50-day simple moving average of $111.97 and a two-hundred day simple moving average of $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 one year low of $81.35 and a one year high of $124.00. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 9.75 and a beta of 1.12.

HCI Group Dividend Announcement

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

Institutional Trading of HCI Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCI. SG Americas Securities LLC boosted its holdings in shares of HCI Group by 153.6% in the 2nd quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider’s stock valued at $860,000 after acquiring an additional 5,649 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in HCI Group in the first quarter valued at $1,732,000. Royce & Associates LP purchased a new stake in HCI Group in the third quarter valued at $621,000. AQR Capital Management LLC grew its position in HCI Group by 27.2% during the 2nd quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider’s stock worth $4,905,000 after purchasing an additional 11,365 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of HCI Group by 152.7% during the 3rd quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock valued at $2,380,000 after buying an additional 13,434 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

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.