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

HCI Group, Inc. (NYSE:HCI - Get Free Report) has received an average rating of "Moderate Buy" from the five brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $140.00.

A number of equities research analysts recently weighed in on HCI shares. Oppenheimer increased their price target on HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Compass Point restated a "neutral" rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Truist Financial reaffirmed a "buy" rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, December 17th. Finally, JMP Securities reissued a "market outperform" rating and issued a $145.00 price target on shares of HCI Group in a report on Tuesday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC grew its holdings in shares of HCI Group by 77.3% during the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider's stock worth $1,659,000 after purchasing an additional 6,756 shares in the last quarter. Royce & Associates LP acquired a new stake in HCI Group during the third quarter worth about $621,000. Victory Capital Management Inc. increased its holdings in HCI Group by 152.7% in the 3rd quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider's stock valued at $2,380,000 after buying an additional 13,434 shares during the period. AQR Capital Management LLC increased its holdings in HCI Group by 27.2% in the 2nd quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider's stock valued at $4,905,000 after buying an additional 11,365 shares during the period. Finally, FMR LLC increased its stake in HCI Group by 49.6% in the third quarter. FMR LLC now owns 32,571 shares of the insurance provider's stock valued at $3,487,000 after acquiring an additional 10,795 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Stock Performance

HCI Group stock traded up $0.10 during midday trading on Friday, reaching $121.50. 81,621 shares of the company's stock were exchanged, compared to its average volume of 138,502. The stock's 50-day simple moving average is $114.89 and its 200 day simple moving average is $105.47. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 10.15 and a beta of 1.13. 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 has a 52 week low of $83.64 and a 52 week high of $126.50.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, November 15th. HCI Group's dividend payout ratio (DPR) is 13.37%.

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.