HCI Group, Inc. (NYSE:HCI) Receives $140.00 Average Price Target from Analysts

HCI Group, Inc. (NYSE:HCI) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $140.00.

A number of research analysts recently issued reports on the company. Compass Point reiterated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Truist Financial reaffirmed a “buy” rating and set a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. Oppenheimer increased 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 issued a $145.00 price target on shares of HCI Group in a research note on Tuesday, October 15th.

Institutional Trading of HCI Group

A number of large investors have recently added to or reduced their stakes in HCI. Point72 DIFC Ltd acquired a new position in shares of HCI Group during the 2nd quarter worth about $26,000. GAMMA Investing LLC increased its position in HCI Group by 80.9% during the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after buying an additional 178 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in HCI Group by 49.1% in the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock valued at $98,000 after buying an additional 300 shares during the period. CWM LLC lifted its position in shares of HCI Group by 34.2% in the third quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock valued at $133,000 after buying an additional 316 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of HCI Group during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Price Performance

Shares of NYSE HCI opened at $117.42 on Monday. The company has a fifty day moving average price of $114.89 and a 200 day moving average price of $103.22. The firm has a market cap of $1.24 billion, a PE ratio of 9.81 and a beta of 1.11. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group has a 1-year low of $81.35 and a 1-year high of $126.50.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. HCI Group’s payout ratio is 13.37%.

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.