HCI Group (NYSE:HCI) Reaches New 52-Week High – Should You Buy?

HCI Group, Inc. (NYSE:HCI) shares reached a new 52-week high on Thursday . The company traded as high as $140.78 and last traded at $140.98, with a volume of 4501 shares. The stock had previously closed at $139.32.

Analysts Set New Price Targets

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

HCI Group Price Performance

The stock has a 50 day moving average of $123.61 and a two-hundred day moving average of $115.06. 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 market capitalization of $1.49 billion, a P/E ratio of 11.57 and a beta of 1.14.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The business had revenue of $161.88 million for the quarter, compared to the consensus estimate of $175.11 million. Sell-side analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, February 21st. HCI Group’s dividend payout ratio (DPR) is currently 18.18%.

Institutional Trading of HCI Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC grew its holdings in HCI Group by 1.7% in the 4th quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider’s stock valued at $664,000 after buying an additional 94 shares during the last quarter. New York State Teachers Retirement System grew its holdings in HCI Group by 1.0% in the 4th quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider’s stock valued at $1,223,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC grew its holdings in HCI Group by 28.4% in the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after buying an additional 113 shares during the last quarter. Point72 DIFC Ltd grew its holdings in HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock valued at $53,000 after buying an additional 213 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in HCI Group by 10.3% in the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock valued at $258,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

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.