HCI Group (NYSE:HCI) Sees Strong Trading Volume – Should You Buy?

Shares of HCI Group, Inc. (NYSE:HCI) saw unusually-high trading volume on Tuesday . Approximately 202,833 shares were traded during trading, an increase of 47% from the previous session’s volume of 137,801 shares.The stock last traded at $148.50 and had previously closed at $149.23.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reaffirmed a “buy” rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

HCI Group Stock Up 0.0 %

The stock’s 50 day moving average is $129.17 and its 200 day moving average is $118.84. The company has a market capitalization of $1.61 billion, a PE ratio of 12.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.

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

HCI Group Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 1.07%. HCI Group’s payout ratio is currently 18.18%.

Institutional Investors Weigh In On HCI Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hood River Capital Management LLC raised its position in shares of HCI Group by 15.7% during the 4th quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider’s stock valued at $109,538,000 after buying an additional 127,332 shares in the last quarter. Khrom Capital Management LLC boosted its stake in shares of HCI Group by 20.7% during the fourth quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider’s stock valued at $92,778,000 after purchasing an additional 136,642 shares during the period. Vanguard Group Inc. increased its stake in shares of HCI Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider’s stock worth $69,603,000 after buying an additional 7,732 shares during the period. Wasatch Advisors LP raised its stake in shares of HCI Group by 288.9% during the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider’s stock valued at $34,300,000 after acquiring an additional 218,664 shares during the last quarter. Finally, State Street Corp increased its holdings in HCI Group by 7.7% during the 3rd 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 during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

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.