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

Shares of HCI Group, Inc. (NYSE:HCI) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $140.00.

HCI has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Oppenheimer raised their price objective 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 reissued 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. Finally, Truist Financial reaffirmed a “buy” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, December 17th.

Institutional Investors Weigh In On HCI Group

A number of institutional investors have recently modified their holdings of the business. Barclays PLC lifted its holdings in HCI Group by 77.3% in the third 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 last quarter. Victory Capital Management Inc. lifted its holdings in shares of HCI Group by 152.7% in the 3rd quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock worth $2,380,000 after purchasing an additional 13,434 shares during the last quarter. Royce & Associates LP acquired a new position in HCI Group during the 3rd quarter valued at approximately $621,000. AQR Capital Management LLC grew its stake in HCI Group by 27.2% during the 2nd quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider’s stock worth $4,905,000 after buying an additional 11,365 shares during the last quarter. Finally, FMR LLC grew its stake in HCI Group by 49.6% during the 3rd quarter. FMR LLC now owns 32,571 shares of the insurance provider’s stock worth $3,487,000 after buying an additional 10,795 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 0.8 %

NYSE:HCI opened at $121.09 on Friday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 10.12 and a beta of 1.13. HCI Group has a one year low of $81.35 and a one year high of $126.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50-day simple moving average is $114.83 and its 200 day simple moving average is $105.27.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.32%. HCI Group’s payout ratio is 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.