HCI Group, Inc. (NYSE:HCI) Short Interest Up 8.0% in December

HCI Group, Inc. (NYSE:HCI - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,080,000 shares, a growth of 8.0% from the November 30th total of 1,000,000 shares. Approximately 13.1% of the shares of the company are sold short. Based on an average daily volume of 163,300 shares, the days-to-cover ratio is currently 6.6 days.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Truist Financial reiterated a "buy" rating and issued a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. JMP Securities reiterated a "market outperform" rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, October 15th. Oppenheimer raised their price target on HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Compass Point reaffirmed a "neutral" rating and set a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, HCI Group has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HCI. Khrom Capital Management LLC grew its stake in shares of HCI Group by 225.3% during the second quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider's stock worth $54,123,000 after buying an additional 406,698 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of HCI Group by 196.5% during the 3rd quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider's stock valued at $16,252,000 after acquiring an additional 100,600 shares in the last quarter. American Century Companies Inc. grew its position in HCI Group by 130.5% during the 2nd quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider's stock worth $10,164,000 after acquiring an additional 62,438 shares during the last quarter. Wellington Management Group LLP increased its holdings in HCI Group by 58.3% in the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider's stock worth $15,710,000 after purchasing an additional 54,050 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in HCI Group by 1,648.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider's stock valued at $6,102,000 after purchasing an additional 53,737 shares during the last quarter. Institutional investors own 86.99% of the company's stock.

HCI Group Price Performance

Shares of HCI stock traded up $1.39 during trading hours on Wednesday, reaching $116.53. The company's stock had a trading volume of 128,673 shares, compared to its average volume of 144,832. HCI Group has a fifty-two week low of $81.35 and a fifty-two week high of $126.50. The firm's 50 day simple moving average is $115.03 and its 200-day simple moving average is $103.61. 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 price-to-earnings ratio of 9.74 and a beta of 1.11.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, November 15th. HCI Group's dividend payout ratio (DPR) is presently 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.