HCI Group (NYSE:HCI) Reaches New 12-Month High – What’s Next?

HCI Group, Inc. (NYSE:HCI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $142.00 and last traded at $141.34, with a volume of 13170 shares trading hands. The stock had previously closed at $139.60.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reissued a “buy” rating and issued a $145.00 target price on shares of HCI Group in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HCI Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

HCI Group Trading Up 3.4 %

The stock has a fifty day simple moving average of $127.49 and a 200 day simple moving average of $117.59. The firm has a market capitalization of $1.56 billion, a P/E ratio of 12.13 and a beta of 1.14. 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 (NYSE:HCI) last issued its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The company had revenue of $161.88 million for the quarter, compared to the consensus estimate of $175.11 million. As a group, research analysts forecast that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group’s dividend payout ratio (DPR) is presently 18.18%.

Hedge Funds Weigh In On HCI Group

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of HCI Group by 5.5% during the 4th quarter. Wellington Management Group LLP now owns 154,839 shares of the insurance provider’s stock valued at $18,043,000 after purchasing an additional 8,101 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HCI Group in the fourth quarter worth about $3,526,000. ProShare Advisors LLC bought a new position in HCI Group during the fourth quarter valued at approximately $291,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in HCI Group by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider’s stock valued at $548,000 after buying an additional 247 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in HCI Group in the 4th quarter worth approximately $255,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

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.