HCI Group, Inc. (NYSE:HCI) Receives Average Recommendation of “Moderate Buy” from Brokerages

HCI Group, Inc. (NYSE:HCI) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $140.00.

A number of analysts have issued reports on the stock. Compass Point reiterated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of HCI Group in a research note on Monday, October 21st. JMP Securities reissued a “market outperform” rating and issued a $145.00 price target on shares of HCI Group in a research report on Tuesday, October 15th. Truist Financial lifted their target price on HCI Group from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Oppenheimer boosted their target price on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System lifted its stake in shares of HCI Group by 1.5% during the third quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock worth $1,113,000 after purchasing an additional 155 shares in the last quarter. Thrivent Financial for Lutherans grew its position in HCI Group by 2.9% in the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock valued at $561,000 after acquiring an additional 174 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of HCI Group by 80.9% during the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 178 shares during the period. Point72 DIFC Ltd lifted its position 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 purchasing an additional 213 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of HCI Group by 10.3% in the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Stock Up 1.5 %

HCI Group stock opened at $123.70 on Thursday. 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 firm has a 50 day moving average price of $112.88 and a 200 day moving average price of $100.90. HCI Group has a fifty-two week low of $81.35 and a fifty-two week high of $126.50. The company has a market capitalization of $1.30 billion, a PE ratio of 10.33 and a beta of 1.12.

HCI Group Dividend Announcement

The business also recently disclosed 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 1.29%. HCI Group’s payout ratio is currently 13.37%.

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.