HCI Group (NYSE:HCI) Sees Large Volume Increase - Time to Buy?

Shares of HCI Group, Inc. (NYSE:HCI - Get Free Report) saw an uptick in trading volume on Tuesday . 202,833 shares changed hands during mid-day trading, an increase of 47% from the previous session's volume of 137,801 shares.The stock last traded at $148.50 and had previously closed at $149.23.

Analyst Upgrades and Downgrades

Separately, Truist Financial reissued a "buy" rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

HCI Group Stock Down 7.8 %

The firm has a market capitalization of $1.47 billion, a PE ratio of 11.42 and a beta of 1.14. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $130.79 and a 200 day simple moving average of $119.88.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, topping the consensus estimate of ($2.75) by $3.06. The business had revenue of $161.88 million during 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%. As a group, sell-side analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

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

Institutional Investors Weigh In On HCI Group

Several large investors have recently bought and sold shares of HCI. Aquatic Capital Management LLC increased 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 during the last quarter. New York State Teachers Retirement System boosted its position in shares of HCI Group by 1.0% in 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 purchasing an additional 100 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 113 shares during the period. Point72 DIFC Ltd increased its stake 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 worth $53,000 after purchasing an additional 213 shares in the last quarter. Finally, Rhumbline Advisers raised 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 purchasing an additional 232 shares during the period. 86.99% of the stock is currently owned by institutional investors.

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.