HCI Group (NYSE:HCI) Shares Up 6.8% - What's Next?

Shares of HCI Group, Inc. (NYSE:HCI - Get Free Report) rose 6.8% during mid-day trading on Monday . The stock traded as high as $139.94 and last traded at $140.59. Approximately 45,603 shares changed hands during trading, a decline of 55% from the average daily volume of 102,396 shares. The stock had previously closed at $131.66.

Analyst Upgrades and Downgrades

HCI has been the subject of several recent analyst reports. Truist Financial reissued a "buy" rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

HCI Group Stock Performance

The firm has a 50-day moving average price of $120.93 and a 200 day moving average price of $113.24. The firm has a market capitalization of $1.42 billion, a PE ratio of 11.29 and a beta of 1.12. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.75) by $3.06. The firm had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. Research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current year.

Remove Ads

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.18%. HCI Group's dividend payout ratio (DPR) is presently 18.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hood River Capital Management LLC lifted its holdings in HCI Group by 15.7% during the 4th quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider's stock worth $109,538,000 after buying an additional 127,332 shares during the last quarter. Khrom Capital Management LLC lifted its holdings in HCI Group by 20.7% during the 4th quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider's stock worth $92,778,000 after buying an additional 136,642 shares during the last quarter. Vanguard Group Inc. lifted its holdings in HCI Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider's stock worth $69,603,000 after buying an additional 7,732 shares during the last quarter. Wasatch Advisors LP lifted its holdings in HCI Group by 288.9% during the 4th quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock worth $34,300,000 after buying an additional 218,664 shares during the last quarter. Finally, State Street Corp lifted its holdings in HCI Group by 7.7% during the 3rd quarter. State Street Corp now owns 291,244 shares of the insurance provider's stock worth $31,181,000 after buying an additional 20,910 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other 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.