HCI Group (NYSE:HCI) Reaches New 12-Month High – Should You Buy?

HCI Group, Inc. (NYSE:HCI)’s share price hit a new 52-week high during trading 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 Upgrades and Downgrades

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

HCI Group Price Performance

The stock’s fifty day moving average price is $128.62 and its 200-day moving average price is $118.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $1.61 billion, a PE ratio of 12.49 and a beta of 1.14.

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

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group’s dividend payout ratio (DPR) is presently 18.18%.

Institutional Investors Weigh In On HCI Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC boosted its stake in HCI Group by 1.7% during the fourth quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider’s stock worth $664,000 after buying an additional 94 shares during the period. New York State Teachers Retirement System lifted its stake in HCI Group by 1.0% during the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider’s stock worth $1,223,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock worth $60,000 after buying an additional 113 shares during the period. Point72 DIFC Ltd grew its stake in shares of HCI Group by 75.0% in the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock valued at $53,000 after buying an additional 213 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of HCI Group by 1.1% in the 4th quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider’s stock valued at $2,600,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

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.