HCI Group, Inc. (NYSE:HCI) Given Consensus Rating of “Moderate Buy” by Brokerages

HCI Group, Inc. (NYSE:HCI) has received a consensus 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 rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $140.00.

HCI has been the subject of several recent research reports. Oppenheimer increased their price target on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Compass Point reiterated a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. JMP Securities reissued a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, October 15th. StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Truist Financial boosted their target price on shares of HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Institutional Trading of HCI Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hood River Capital Management LLC grew its holdings in HCI Group by 6.3% during the 2nd quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider’s stock worth $70,745,000 after acquiring an additional 45,668 shares in the last quarter. Khrom Capital Management LLC lifted its position in shares of HCI Group by 225.3% during the second quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock worth $54,123,000 after purchasing an additional 406,698 shares during the last quarter. Vanguard Group Inc. grew its stake in HCI Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock worth $58,034,000 after purchasing an additional 31,234 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in HCI Group by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 339,951 shares of the insurance provider’s stock valued at $31,333,000 after buying an additional 17,077 shares during the last quarter. Finally, State Street Corp raised its stake in HCI Group by 7.7% during the third quarter. State Street Corp now owns 291,244 shares of the insurance provider’s stock valued at $31,181,000 after buying an additional 20,910 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Price Performance

HCI opened at $116.71 on Thursday. The company has a 50 day moving average of $111.97 and a two-hundred day moving average of $100.52. HCI Group has a 52-week low of $81.35 and a 52-week high of $124.00. 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 has a market cap of $1.23 billion, a P/E ratio of 9.75 and a beta of 1.12.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.40 per share. 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 dividend payout ratio (DPR) is currently 13.37%.

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.