HCI Group (NYSE:HCI) Given Buy Rating at Truist Financial

Truist Financial reissued their buy rating on shares of HCI Group (NYSE:HCI) in a research report report published on Tuesday morning,Benzinga reports. Truist Financial currently has a $145.00 price objective on the insurance provider’s stock.

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

HCI Group Trading Up 2.1 %

Shares of NYSE HCI opened at $111.25 on Tuesday. HCI Group has a 1-year low of $81.35 and a 1-year high of $126.50. The business has a fifty day moving average price of $114.82 and a 200 day moving average price of $102.29. The stock has a market capitalization of $1.17 billion, a P/E ratio of 9.29 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

HCI Group Announces Dividend

The business also recently disclosed 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 1.44%. The ex-dividend date of this dividend is Friday, November 15th. HCI Group’s payout ratio is currently 13.37%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of HCI Group by 16.4% during the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider’s stock valued at $6,015,000 after buying an additional 7,914 shares during the last quarter. Barclays PLC lifted its position in HCI Group by 77.3% during the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock worth $1,659,000 after acquiring an additional 6,756 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in HCI Group by 27.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 11,818 shares of the insurance provider’s stock valued at $1,265,000 after purchasing an additional 2,512 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of HCI Group by 28.7% in the third quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider’s stock valued at $23,538,000 after purchasing an additional 48,969 shares during the period. Finally, Vestcor Inc purchased a new position in shares of HCI Group in the third quarter worth about $642,000. 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.