HCI Group (NYSE:HCI) Sets New 52-Week High - Here's Why

HCI Group, Inc. (NYSE:HCI - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $151.88 and last traded at $151.10, with a volume of 24686 shares traded. The stock had previously closed at $150.47.

Analyst Upgrades and Downgrades

Separately, Truist Financial reaffirmed a "buy" rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, HCI Group presently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

HCI Group Stock Performance

The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 11.42 and a beta of 1.14. The company's 50 day simple moving average is $130.50 and its 200 day simple moving average is $119.54. 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 (NYSE:HCI - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, beating analysts' consensus estimates of ($2.75) by $3.06. The business had revenue of $161.88 million for the quarter, compared to analyst estimates of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. On average, equities research analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. HCI Group's dividend payout ratio (DPR) is 18.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Aquatic Capital Management LLC boosted its position in shares of HCI Group by 1.7% during the 4th quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider's stock valued at $664,000 after purchasing an additional 94 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in HCI Group by 1.0% during the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock worth $1,223,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC grew its position in HCI Group by 28.4% in the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock worth $60,000 after buying an additional 113 shares during the last quarter. Point72 DIFC Ltd increased its holdings in shares of HCI Group by 75.0% in the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider's stock valued at $53,000 after buying an additional 213 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of HCI Group by 1.1% during the 4th quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock valued at $2,600,000 after acquiring an additional 232 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

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.