HCI Group's (HCI) "Buy" Rating Reaffirmed at Truist Financial

Truist Financial restated their buy rating on shares of HCI Group (NYSE:HCI - Free Report) in a report published on Tuesday,Benzinga reports. The brokerage currently has a $145.00 price objective on the insurance provider's stock.

A number of other analysts have also commented on HCI. Compass Point reiterated a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. JMP Securities reiterated a "market outperform" rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Finally, Oppenheimer raised their price target on shares of HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note 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, HCI Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.00.

HCI Group Stock Up 0.2 %

Shares of HCI traded up $0.25 during trading hours on Tuesday, reaching $112.25. The stock had a trading volume of 82,106 shares, compared to its average volume of 145,193. HCI Group has a 12 month low of $81.35 and a 12 month high of $126.50. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 9.40 and a beta of 1.11. 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 firm has a 50-day simple moving average of $114.33 and a 200 day simple moving average of $102.06.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, November 15th. HCI Group's dividend payout ratio (DPR) is presently 13.37%.

Institutional Investors Weigh In On HCI Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HCI. Point72 DIFC Ltd purchased a new position in shares of HCI Group in the second quarter valued at $26,000. GAMMA Investing LLC boosted its stake in HCI Group by 80.9% in the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider's stock worth $43,000 after purchasing an additional 178 shares during the period. Nisa Investment Advisors LLC grew its holdings in HCI Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider's stock valued at $98,000 after buying an additional 300 shares in the last quarter. CWM LLC lifted its holdings in shares of HCI Group by 34.2% in the third quarter. CWM LLC now owns 1,240 shares of the insurance provider's stock worth $133,000 after buying an additional 316 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of HCI Group in the second quarter worth about $201,000. Institutional investors own 86.99% of the company's stock.

About HCI Group

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.