Analysts Set HCI Group, Inc. (NYSE:HCI) Price Target at $140.00

Shares of HCI Group, Inc. (NYSE:HCI) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $140.00.

A number of equities research analysts have weighed in on HCI shares. Compass Point restated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Oppenheimer increased their target price on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. JMP Securities restated a “market outperform” rating and issued a $145.00 price target on shares of HCI Group in a research note on Tuesday, October 15th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $145.00 price target on shares of HCI Group in a report on Tuesday, December 17th.

Hedge Funds Weigh In On HCI Group

Several large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its holdings 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 during the period. Thrivent Financial for Lutherans boosted its holdings in shares of HCI Group by 2.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock valued at $561,000 after buying an additional 174 shares during the period. GAMMA Investing LLC grew its position in shares of HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after buying an additional 178 shares during the last quarter. Point72 DIFC Ltd raised its stake in 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 acquiring an additional 213 shares during the period. Finally, Amalgamated Bank lifted its holdings in HCI Group by 10.3% in the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 225 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

HCI Group Stock Performance

NYSE:HCI opened at $117.42 on Monday. HCI Group has a 1-year low of $81.35 and a 1-year high of $126.50. The stock has a market cap of $1.24 billion, a P/E ratio of 9.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50-day moving average of $114.89 and a two-hundred day moving average of $103.12.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. HCI Group’s dividend payout ratio (DPR) is 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.