HCI Group (NYSE:HCI) Trading Down 3.9% - What's Next?

HCI Group, Inc. (NYSE:HCI - Get Free Report)'s share price dropped 3.9% during trading on Friday . The company traded as low as $106.89 and last traded at $109.95. Approximately 121,946 shares were traded during trading, an increase of 19% from the average daily volume of 102,328 shares. The stock had previously closed at $114.47.

Wall Street Analyst Weigh In

HCI has been the topic of a number of recent research reports. Truist Financial restated a "buy" rating and issued a $145.00 target price on shares of HCI Group in a report on Tuesday, December 17th. Compass Point restated a "neutral" rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Oppenheimer increased their price target on HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

HCI Group Stock Performance

The company has a market cap of $1.16 billion, a price-to-earnings ratio of 9.21 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The stock's fifty day simple moving average is $114.78 and its two-hundred day simple moving average is $103.79.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.45%. HCI Group's dividend payout ratio is presently 13.37%.

Hedge Funds Weigh In On HCI Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Khrom Capital Management LLC lifted its position in HCI Group by 225.3% during the second quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider's stock valued at $54,123,000 after buying an additional 406,698 shares in the last quarter. Two Sigma Advisers LP boosted its position in HCI Group by 196.5% during the 3rd quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider's stock worth $16,252,000 after purchasing an additional 100,600 shares during the period. American Century Companies Inc. increased its holdings in HCI Group by 130.5% in the 2nd quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider's stock valued at $10,164,000 after purchasing an additional 62,438 shares in the last quarter. Wellington Management Group LLP raised its position in HCI Group by 58.3% in the third quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider's stock valued at $15,710,000 after purchasing an additional 54,050 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of HCI Group by 1,648.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider's stock worth $6,102,000 after purchasing an additional 53,737 shares in 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.