HCI Group (NYSE:HCI) Trading Up 3% - Still a Buy?

HCI Group, Inc. (NYSE:HCI - Get Free Report)'s stock price was up 3% during trading on Wednesday . The company traded as high as $145.30 and last traded at $144.64. Approximately 61,165 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 132,107 shares. The stock had previously closed at $140.47.

Analyst Upgrades and Downgrades

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

HCI Group Price Performance

The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 12.59 and a beta of 1.14. The company's 50 day moving average is $128.62 and its 200 day moving average is $118.31. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

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

HCI Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. HCI Group's dividend payout ratio is currently 18.18%.

Institutional Investors Weigh In On HCI Group

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

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.