Brokerages Set HCI Group, Inc. (NYSE:HCI) Price Target at $140.00

HCI Group, Inc. (NYSE:HCI - Get Free Report) has received an average recommendation of "Moderate Buy" from the five research firms that are presently covering the company, MarketBeat.com reports. One research 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 brokers that have issued a report on the stock in the last year is $140.00.

Several equities analysts have recently issued reports on the stock. 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. Truist Financial boosted their target price on HCI Group from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 8th. StockNews.com lowered HCI Group from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Compass Point reiterated a "neutral" rating and issued a $120.00 price objective (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Finally, Oppenheimer raised 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.

Institutional Trading of HCI Group

A number of hedge funds have recently modified their holdings of HCI. Point72 DIFC Ltd acquired a new position in HCI Group in the 2nd quarter valued at $26,000. Gladius Capital Management LP acquired a new position in shares of HCI Group in the second quarter valued at about $31,000. GAMMA Investing LLC raised its stake in HCI Group by 80.9% in 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. CWM LLC raised its stake in HCI Group by 115.4% in the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider's stock worth $85,000 after purchasing an additional 495 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in 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 purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Trading Up 0.6 %

NYSE HCI traded up $0.70 during trading on Thursday, reaching $116.71. 91,190 shares of the stock traded hands, compared to its average volume of 146,663. 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 firm has a market cap of $1.23 billion, a price-to-earnings ratio of 9.75 and a beta of 1.12. The stock's 50-day moving average price is $111.97 and its 200 day moving average price is $100.52.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be paid 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 (DPR) is currently 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.