HCI Group (NYSE:HCI) Trading Down 3.9% – Here’s What Happened

HCI Group, Inc. (NYSE:HCI) was down 3.9% during mid-day trading on Friday . The company traded as low as $106.89 and last traded at $109.95. Approximately 121,946 shares traded hands during 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

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

HCI Group Trading Down 3.8 %

The company has a market cap of $1.16 billion, a price-to-earnings ratio of 9.20 and a beta of 1.11. The firm has a fifty day moving average price of $114.90 and a 200 day moving average price of $103.68. 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 Dividend Announcement

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

Institutional Trading of HCI Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of HCI Group during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC increased its holdings in shares of HCI Group by 80.9% in the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 178 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of 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 purchasing an additional 300 shares during the period. CWM LLC raised 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 purchasing an additional 316 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of HCI Group during the 2nd quarter worth about $201,000. Institutional investors 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.