HCI Group (NYSE:HCI) Hits New 1-Year High – Should You Buy?

HCI Group, Inc. (NYSE:HCI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $142.00 and last traded at $141.34, with a volume of 13170 shares changing hands. The stock had previously closed at $139.60.

Analyst Ratings Changes

Separately, Truist Financial reiterated a “buy” rating and set a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $140.00.

HCI Group Stock Performance

The firm’s fifty day simple moving average is $126.53 and its 200 day simple moving average is $117.10. The company has a market capitalization of $1.52 billion, a PE ratio of 11.83 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

HCI Group (NYSE:HCI) last posted its earnings results on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, topping the consensus estimate of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The firm had revenue of $161.88 million for the quarter, compared to analyst estimates of $175.11 million. On average, research analysts predict that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. HCI Group’s payout ratio is 18.18%.

Institutional Investors Weigh In On HCI Group

A number of institutional investors have recently modified their holdings of HCI. Hood River Capital Management LLC boosted its position in HCI Group by 15.7% during the fourth quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider’s stock worth $109,538,000 after purchasing an additional 127,332 shares in the last quarter. Khrom Capital Management LLC grew its stake in HCI Group by 20.7% in the 4th quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider’s stock valued at $92,778,000 after acquiring an additional 136,642 shares during the period. Vanguard Group Inc. increased its holdings in HCI Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider’s stock worth $69,603,000 after acquiring an additional 7,732 shares in the last quarter. Wasatch Advisors LP raised its position in HCI Group by 288.9% during the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider’s stock worth $34,300,000 after acquiring an additional 218,664 shares during the period. Finally, State Street Corp lifted its holdings in HCI Group by 7.7% during the third quarter. State Street Corp now owns 291,244 shares of the insurance provider’s stock valued at $31,181,000 after purchasing an additional 20,910 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.