HCI Group, Inc. (NYSE:HCI) Short Interest Update

HCI Group, Inc. (NYSE:HCI - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,380,000 shares, a growth of 27.8% from the December 31st total of 1,080,000 shares. Approximately 16.7% of the company's stock are short sold. Based on an average daily trading volume, of 135,400 shares, the days-to-cover ratio is presently 10.2 days.

Hedge Funds Weigh In On HCI Group

A number of institutional investors have recently modified their holdings of the business. Barclays PLC increased its holdings in HCI Group by 77.3% in the third quarter. Barclays PLC now owns 15,501 shares of the insurance provider's stock valued at $1,659,000 after buying an additional 6,756 shares in the last quarter. Royce & Associates LP acquired a new position in HCI Group during the third quarter worth approximately $621,000. Victory Capital Management Inc. boosted its holdings in HCI Group by 152.7% in the third quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider's stock valued at $2,380,000 after acquiring an additional 13,434 shares during the last quarter. AQR Capital Management LLC raised its holdings in HCI Group by 27.2% in the second 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, Principal Financial Group Inc. boosted its position in HCI Group by 16.4% during the 3rd quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider's stock worth $6,015,000 after purchasing an additional 7,914 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

HCI Group Price Performance

HCI Group stock traded up $1.30 during midday trading on Wednesday, reaching $123.64. The company had a trading volume of 85,043 shares, compared to its average volume of 113,211. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The firm's fifty day simple moving average is $117.38 and its 200-day simple moving average is $108.55. The company has a market capitalization of $1.30 billion, a P/E ratio of 10.33 and a beta of 1.12. HCI Group has a 12-month low of $83.64 and a 12-month high of $126.50.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.08. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The business had revenue of $175.32 million for the quarter, compared to the consensus estimate of $192.08 million. During the same period in the previous year, the firm earned $1.41 EPS. As a group, equities analysts anticipate that HCI Group will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a $0.40 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.60 annualized dividend and a yield of 1.29%. HCI Group's dividend payout ratio is currently 13.37%.

Analysts Set New Price Targets

HCI has been the topic of a number of recent analyst reports. Truist Financial reaffirmed a "buy" rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. Compass Point restated 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. Oppenheimer lifted their target price on HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, JMP Securities restated a "market outperform" rating and issued a $145.00 price target on shares of HCI Group in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, HCI Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

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.