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

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

A number of brokerages recently weighed in on HCI. Oppenheimer boosted 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. Compass Point restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of HCI Group in a research note on Monday, October 21st. JMP Securities reiterated a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Finally, Truist Financial reissued a “buy” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, December 17th.

HCI Group Stock Up 1.9 %

NYSE:HCI opened at $113.37 on Monday. HCI Group has a twelve month low of $81.35 and a twelve month high of $126.50. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.47 and a beta of 1.11. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $114.85 and its two-hundred day moving average price is $102.48.

HCI Group Announces Dividend

The business 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. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, November 15th. HCI Group’s payout ratio is 13.37%.

Hedge Funds Weigh In On HCI Group

Several institutional investors and hedge funds have recently made changes to their positions in HCI. Point72 DIFC Ltd acquired a new position in shares of HCI Group in the second quarter valued at about $26,000. GAMMA Investing LLC grew its position in shares of HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 178 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of HCI Group by 49.1% during the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $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 buying an additional 316 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of HCI Group in the second quarter valued at approximately $201,000. 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.