Oppenheimer Issues Positive Forecast for HCI Group (NYSE:HCI) Stock Price

HCI Group (NYSE:HCI) had its price objective lifted by Oppenheimer from $140.00 to $150.00 in a research report report published on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the insurance provider’s stock.

A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Truist Financial increased their price objective on shares of HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. Compass Point restated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. Finally, JMP Securities reiterated a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.00.

HCI Group Trading Down 3.5 %

Shares of HCI stock opened at $114.52 on Friday. HCI Group has a 1-year low of $74.62 and a 1-year high of $124.00. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 9.48 and a beta of 1.12. The stock has a 50-day moving average of $108.46 and a 200-day moving average of $100.39.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. HCI Group’s payout ratio is presently 13.37%.

Institutional Investors Weigh In On HCI Group

A number of large investors have recently bought and sold shares of HCI. Point72 DIFC Ltd acquired a new position in shares of HCI Group during the second quarter valued at about $26,000. Gladius Capital Management LP bought a new stake in HCI Group in the 2nd quarter valued at about $31,000. GAMMA Investing LLC raised its stake in HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after buying an additional 178 shares during the period. CWM LLC boosted its holdings in HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after acquiring an additional 495 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in HCI Group by 49.1% in the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock valued at $98,000 after acquiring an additional 300 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.