HCI Group (NYSE:HCI) Hits New 12-Month High – What’s Next?

Shares of HCI Group, Inc. (NYSE:HCI) 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 changing hands. 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.00.

HCI Group Price Performance

The stock has a 50-day moving average price of $122.59 and a 200 day moving average price of $114.61. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 11.59 and a beta of 1.14. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI) last issued 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 the consensus estimate 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 research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a $0.40 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. HCI Group’s payout ratio is 18.18%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd increased its position 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 acquiring an additional 213 shares in the last quarter. GAMMA Investing LLC grew its position in shares of HCI Group by 28.4% in the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 113 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of HCI Group in the fourth quarter valued at about $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of HCI Group in the fourth quarter valued at approximately $211,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in HCI Group in the fourth quarter valued at about $255,000. 86.99% of the stock is 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.