HCI Group (NYSE:HCI) Shares Down 4.3% – Time to Sell?

HCI Group, Inc. (NYSE:HCI)’s share price was down 4.3% during trading on Thursday . The stock traded as low as $162.80 and last traded at $162.8250. Approximately 130,337 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 153,013 shares. The stock had previously closed at $170.10.

Analysts Set New Price Targets

HCI has been the subject of several research analyst reports. Wall Street Zen raised HCI Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of HCI Group in a report on Monday, December 29th. Citigroup reissued a “market outperform” rating on shares of HCI Group in a research report on Friday, January 16th. Truist Financial raised their price target on shares of HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Oppenheimer lowered shares of HCI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, HCI Group presently has an average rating of “Moderate Buy” and an average price target of $230.00.

HCI Group Stock Down 5.1%

The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 10.30 and a beta of 1.20. The business has a fifty day moving average of $180.10 and a 200 day moving average of $174.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80.

HCI Group (NYSE:HCI) last posted its earnings results on Thursday, November 6th. The insurance provider reported $4.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $2.46. HCI Group had a net margin of 24.97% and a return on equity of 31.18%. The firm had revenue of $216.35 million during the quarter, compared to analysts’ expectations of $223.53 million. On average, equities analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. HCI Group’s dividend payout ratio is currently 10.22%.

Institutional Trading of HCI Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quent Capital LLC bought a new stake in shares of HCI Group during the 3rd quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in HCI Group by 645.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 231 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 200 shares during the last quarter. Westside Investment Management Inc. boosted its position in HCI Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 126 shares during the period. Finally, Global Assets Advisory LLC acquired a new position in HCI Group during the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.