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

Shares of HCI Group, Inc. (NYSE:HCI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five research firms that are presently covering the company, 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 price target among brokers that have issued ratings on the stock in the last year is $140.00.

Several research firms have weighed in on HCI. Oppenheimer upped their target price on HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note 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 report on Monday, October 21st. StockNews.com cut HCI Group from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. JMP Securities reissued a "market outperform" rating and issued a $145.00 target price on shares of HCI Group in a report on Tuesday, October 15th. Finally, Truist Financial lifted their price target on shares of HCI Group from $140.00 to $145.00 and gave the company a "buy" rating in a report on Friday, November 8th.

HCI Group Price Performance

Shares of NYSE:HCI traded up $0.70 during midday trading on Thursday, hitting $116.71. The stock had a trading volume of 91,190 shares, compared to its average volume of 146,663. The company's 50-day moving average price is $111.97 and its 200-day moving average price is $100.52. HCI Group has a fifty-two week low of $81.35 and a fifty-two week high of $124.00. 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 company has a market capitalization of $1.23 billion, a P/E ratio of 9.75 and a beta of 1.12.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be given a $0.40 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.37%. HCI Group's dividend payout ratio is presently 13.37%.

Institutional Trading of HCI Group

Several hedge funds and other institutional investors have recently made changes to their positions in HCI. Vanguard Group Inc. raised its holdings in HCI Group by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider's stock valued at $58,034,000 after buying an additional 31,234 shares during the last quarter. American International Group Inc. raised its stake in shares of HCI Group by 12.3% during the first quarter. American International Group Inc. now owns 3,910 shares of the insurance provider's stock valued at $454,000 after acquiring an additional 428 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of HCI Group by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 5,980 shares of the insurance provider's stock worth $692,000 after purchasing an additional 895 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of HCI Group in the first quarter worth $242,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of HCI Group in the first quarter worth $1,732,000. 86.99% of the stock is currently owned by institutional investors.

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.