HCI Group (NYSE:HCI) Trading Down 3.9% – What’s Next?

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, October 15th. Truist Financial restated a “buy” rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, December 17th. Oppenheimer lifted their price objective on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Compass Point reissued a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $140.00.

HCI Group Price Performance

The business’s 50 day moving average is $114.90 and its 200-day moving average is $103.68. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.16 billion, a P/E ratio of 9.20 and a beta of 1.11.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were issued a dividend of $0.40 per share. 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 1.45%. HCI Group’s dividend payout ratio (DPR) is currently 13.37%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HCI. Point72 DIFC Ltd acquired a new stake in shares of HCI Group in the 2nd quarter valued at approximately $26,000. GAMMA Investing LLC lifted 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 valued at $43,000 after purchasing an additional 178 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in HCI Group by 49.1% in the third 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 stake in shares of HCI Group by 34.2% in the 3rd quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock valued at $133,000 after acquiring an additional 316 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of HCI Group during the 2nd quarter valued at $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.