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

Shares of HCI Group, Inc. (NYSE:HCI) have received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $140.00.

Several research analysts have recently weighed in on HCI shares. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note 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 report on Tuesday, December 17th. Compass Point reiterated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Finally, Oppenheimer upped their price target on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

HCI Group Price Performance

NYSE:HCI opened at $117.39 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group has a 52 week low of $81.35 and a 52 week high of $126.50. The stock’s 50-day moving average price is $114.88 and its 200-day moving average price is $102.77. The stock has a market capitalization of $1.24 billion, a PE ratio of 9.81 and a beta of 1.11.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, November 15th. HCI Group’s dividend payout ratio (DPR) is 13.37%.

Hedge Funds Weigh In On HCI Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in HCI Group during the second quarter worth $26,000. GAMMA Investing LLC boosted 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 acquiring an additional 178 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 300 shares during the period. CWM LLC increased its position in HCI Group by 34.2% during the third quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock worth $133,000 after purchasing an additional 316 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in HCI Group during the second quarter worth about $201,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.