HCI Group (NYSE:HCI) Stock Breaks Above 50-Day Moving Average - What's Next?

Key Points

• HCI Group shares moved above their 50-day moving average, trading as high as $191.88 and last at $190.79; the 50-day average is $190.39.
• Analysts maintain a consensus Buy rating with an average price target of $250. Recent target increases include Truist to $245 and Citizens JMP to $280.
• Quarterly EPS of $6.45 beat the $4.96 consensus, while revenue of $244.91 million fell short of expectations. HCI also announced a $0.40-per-share quarterly dividend.

HCI Group, Inc. (NYSE:HCI - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $190.39 and traded as high as $191.88. HCI Group shares last traded at $190.79, with a volume of 218,553 shares trading hands.

Analyst Ratings Changes

HCI has been the topic of several recent analyst reports. Citigroup restated a "market outperform" rating on shares of HCI Group in a report on Thursday, November 5th. Truist Financial lifted their target price on shares of HCI Group from $235.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, November 5th. Citizens Jmp upped their price target on shares of HCI Group from $265.00 to $280.00 and gave the company a "market outperform" rating in a report on Thursday, November 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of HCI Group in a research report on Wednesday, November 4th. Finally, Zacks Research raised shares of HCI Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, HCI Group currently has a consensus rating of "Buy" and an average price target of $250.00.

HCI Group Stock Performance

The business has a fifty day moving average of $190.39 and a 200-day moving average of $171.96. The company has a market cap of $2.37 billion, a PE ratio of 7.71 and a beta of 0.96. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $6.45 earnings per share for the quarter, topping the consensus estimate of $4.96 by $1.49. The business had revenue of $244.91 million during the quarter, compared to analysts' expectations of $247.75 million. HCI Group had a return on equity of 28.09% and a net margin of 33.48%. Equities research analysts anticipate that HCI Group, Inc. will post 21.96 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, November 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, November 20th. HCI Group's dividend payout ratio is currently 6.46%.

Institutional Trading of HCI Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCI. First Trust Advisors LP lifted its position in HCI Group by 197.5% during the third quarter. First Trust Advisors LP now owns 33,236 shares of the insurance provider's stock valued at $5,777,000 after buying an additional 22,065 shares during the period. Private Advisor Group LLC bought a new stake in shares of HCI Group during the 3rd quarter valued at $244,000. Ieq Capital LLC boosted its holdings in shares of HCI Group by 76.1% during the 3rd quarter. Ieq Capital LLC now owns 14,473 shares of the insurance provider's stock valued at $2,516,000 after buying an additional 6,255 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of HCI Group by 44.6% during the 3rd quarter. Global Retirement Partners LLC now owns 1,223 shares of the insurance provider's stock valued at $213,000 after buying an additional 377 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of HCI Group by 24.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,554 shares of the insurance provider's stock worth $444,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Company Profile

HCI Group, Inc. is a Florida-based holding company whose primary business is residential property and casualty insurance. Through its insurance subsidiaries, including Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company, it offers coverage for homeowners and other residential property owners. The company's insurance business is centered in Florida, and TypTap has supported its expansion into additional U.S. markets. HCI also has real estate operations and develops technology for use in the insurance industry.

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