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

HCI Group, Inc. (NYSE:HCI) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $140.00.

HCI has been the topic of several research reports. Oppenheimer lifted their price target on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial restated a “buy” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, December 17th. Finally, Compass Point restated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st.

HCI Group Price Performance

HCI opened at $118.59 on Tuesday. 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 52-week low of $83.64 and a 52-week high of $126.50. The stock has a market capitalization of $1.25 billion, a PE ratio of 9.91 and a beta of 1.12. The stock’s 50 day moving average price is $117.80 and its 200-day moving average price is $110.39.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, February 21st. HCI Group’s dividend payout ratio (DPR) is 13.37%.

Institutional Investors Weigh In On HCI Group

Several hedge funds have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC boosted its holdings in HCI Group by 15.7% in the fourth quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider’s stock worth $109,538,000 after acquiring an additional 127,332 shares in the last quarter. Khrom Capital Management LLC lifted its holdings in shares of HCI Group by 20.7% during the fourth quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider’s stock valued at $92,778,000 after purchasing an additional 136,642 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of HCI Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider’s stock valued at $69,603,000 after purchasing an additional 7,732 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of HCI Group by 288.9% during the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider’s stock valued at $34,300,000 after purchasing an additional 218,664 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of 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 purchasing an additional 20,910 shares in the last quarter. 86.99% of the stock is owned by 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.