HCI Group (NYSE:HCI) Reaches New 1-Year High – Here’s Why

HCI Group, Inc. (NYSE:HCI) hit a new 52-week high on Monday . The company traded as high as $151.88 and last traded at $151.10, with a volume of 24686 shares. The stock had previously closed at $150.47.

Analyst Ratings Changes

Separately, Truist Financial restated a “buy” rating and issued 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.00.

HCI Group Stock Performance

The company has a market cap of $1.58 billion, a P/E ratio of 12.24 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. The stock’s fifty day moving average price is $129.61 and its two-hundred day moving average price is $119.17.

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

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a dividend of $0.40 per share. 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 1.09%. HCI Group’s dividend payout ratio is currently 18.18%.

Institutional Trading of HCI Group

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

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.