HCI Group (NYSE:HCI) Trading 3% Higher – Still a Buy?

HCI Group, Inc. (NYSE:HCI) shot up 3% during mid-day trading on Wednesday . The company traded as high as $145.30 and last traded at $144.64. 61,165 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 132,107 shares. The stock had previously closed at $140.47.

Analyst Upgrades and Downgrades

Separately, Truist Financial reissued a “buy” rating and set a $145.00 target price on shares of HCI Group in a 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

HCI Group Trading Up 1.7 %

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 12.59 and a beta of 1.14. The firm has a 50 day moving average price of $128.04 and a two-hundred day moving average price of $117.80.

HCI Group (NYSE:HCI) last released its earnings results 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. The business 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 analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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 1.06%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group’s dividend payout ratio is presently 18.18%.

Institutional Trading of HCI Group

A number of institutional investors have recently bought and sold shares of HCI. Point72 DIFC Ltd raised its position in shares of HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 213 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 purchasing an additional 113 shares during the period. KLP Kapitalforvaltning AS bought a new stake in HCI Group in the fourth quarter worth approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in HCI Group in the fourth quarter valued at approximately $211,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of HCI Group during the 4th quarter worth approximately $255,000. 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.