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

Shares of HCI Group, Inc. (NYSE:HCI) have received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $140.00.

A number of analysts recently commented on HCI shares. Truist Financial reiterated a “buy” rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, December 17th. Oppenheimer boosted their price target on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. JMP Securities restated a “market outperform” rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Finally, Compass Point reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st.

Institutional Investors Weigh In On HCI Group

Several hedge funds have recently bought and sold shares of HCI. New York State Teachers Retirement System increased its position in shares of HCI Group by 1.5% in the 3rd quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock valued at $1,113,000 after buying an additional 155 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of HCI Group by 2.9% in the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock worth $561,000 after acquiring an additional 174 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 178 shares during the period. Point72 DIFC Ltd raised its position in shares of HCI Group by 75.0% during the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 213 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of HCI Group by 10.3% during the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 225 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Trading Down 0.9 %

HCI stock opened at $117.42 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group has a twelve month low of $81.35 and a twelve month high of $126.50. The company has a market cap of $1.24 billion, a P/E ratio of 9.81 and a beta of 1.11. The business has a fifty day moving average of $114.89 and a 200-day moving average of $103.22.

HCI Group Dividend Announcement

The company also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, November 15th. HCI Group’s dividend payout ratio is currently 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.