HCI Group, Inc. (NYSE:HCI) Short Interest Down 5.8% in October

HCI Group, Inc. (NYSE:HCI - Get Free Report) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 1,140,000 shares, a decline of 5.8% from the October 15th total of 1,210,000 shares. Currently, 13.9% of the shares of the stock are short sold. Based on an average trading volume of 158,700 shares, the short-interest ratio is presently 7.2 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HCI. JMP Securities reissued a "market outperform" rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, October 15th. Truist Financial increased their price objective on HCI Group from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Compass Point reissued a "neutral" rating and issued a $120.00 price objective (up from $119.00) on shares of HCI Group in a research note on Monday, October 21st. StockNews.com downgraded HCI Group from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Finally, Oppenheimer increased their price target on HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, HCI Group presently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

HCI Group Price Performance

HCI stock traded down $3.55 during mid-day trading on Monday, hitting $108.43. 155,448 shares of the stock were exchanged, compared to its average volume of 146,534. HCI Group has a 12 month low of $81.35 and a 12 month high of $124.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.44. The business has a fifty day moving average price of $110.17 and a 200 day moving average price of $100.36. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 9.36 and a beta of 1.12.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.48%. HCI Group's payout ratio is 13.37%.

Hedge Funds Weigh In On HCI Group

A number of institutional investors have recently bought and sold shares of HCI. Khrom Capital Management LLC raised its holdings in HCI Group by 225.3% in the 2nd quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider's stock worth $54,123,000 after purchasing an additional 406,698 shares during the period. Two Sigma Advisers LP increased its stake in HCI Group by 196.5% in the 3rd quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider's stock worth $16,252,000 after buying an additional 100,600 shares in the last quarter. American Century Companies Inc. increased its stake 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 worth $10,164,000 after buying an additional 62,438 shares in the last quarter. Wellington Management Group LLP increased its stake in HCI Group by 58.3% in the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider's stock worth $15,710,000 after buying an additional 54,050 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in HCI Group by 1,648.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider's stock worth $6,102,000 after buying an additional 53,737 shares in the last quarter. 86.99% of the stock is 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.