HCI Group, Inc. (NYSE:HCI) Receives $140.00 Consensus PT from Analysts

Shares of HCI Group, Inc. (NYSE:HCI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $140.00.

Several brokerages recently issued reports on HCI. JMP Securities reiterated a "market outperform" rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Truist Financial reiterated a "buy" rating and issued a $145.00 price target on shares of HCI Group in a report on Tuesday, December 17th. Compass Point restated a "neutral" rating and set a $120.00 price objective (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Finally, Oppenheimer upped their target price 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.

Institutional Investors Weigh In On HCI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCI. Point72 DIFC Ltd bought a new position in shares of HCI Group in the second quarter valued at $26,000. GAMMA Investing LLC lifted its stake in HCI Group by 80.9% in the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 178 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of HCI Group by 49.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider's stock valued at $98,000 after acquiring an additional 300 shares during the period. CWM LLC increased its stake in shares of HCI Group by 34.2% during the 3rd quarter. CWM LLC now owns 1,240 shares of the insurance provider's stock worth $133,000 after purchasing an additional 316 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of HCI Group in the 2nd quarter valued at about $201,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Trading Up 2.5 %

NYSE:HCI traded up $2.88 on Monday, reaching $116.25. The company's stock had a trading volume of 152,182 shares, compared to its average volume of 145,545. HCI Group has a 1-year low of $81.35 and a 1-year high of $126.50. The business's 50-day moving average price is $114.86 and its two-hundred day moving average price is $102.62. The firm has a market cap of $1.22 billion, a PE ratio of 9.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.

HCI Group Announces Dividend

The firm 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 yield of 1.38%. The ex-dividend date was Friday, November 15th. 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.