HCI Group, Inc. (NYSE:HCI) Short Interest Down 28.9% in January

HCI Group, Inc. (NYSE:HCI) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 328,021 shares, a decrease of 28.9% from the January 15th total of 461,030 shares. Based on an average trading volume of 204,309 shares, the short-interest ratio is currently 1.6 days. Currently, 3.2% of the shares of the company are short sold. Currently, 3.2% of the shares of the company are short sold. Based on an average trading volume of 204,309 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On HCI Group

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of HCI Group by 15.1% in the third quarter. Vanguard Group Inc. now owns 807,454 shares of the insurance provider’s stock worth $154,975,000 after purchasing an additional 105,925 shares during the last quarter. Danske Bank A S purchased a new position in shares of HCI Group during the third quarter valued at approximately $19,256,000. Marshall Wace LLP raised its holdings in shares of HCI Group by 107.3% during the second quarter. Marshall Wace LLP now owns 158,224 shares of the insurance provider’s stock valued at $24,082,000 after acquiring an additional 81,884 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of HCI Group by 129.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 125,399 shares of the insurance provider’s stock valued at $24,038,000 after acquiring an additional 70,662 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in HCI Group by 15.2% in the second quarter. American Century Companies Inc. now owns 521,641 shares of the insurance provider’s stock worth $79,394,000 after acquiring an additional 68,860 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a research note on Friday, January 16th. Weiss Ratings reissued a “buy (b)” rating on shares of HCI Group in a research report on Monday, December 29th. Zacks Research cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Oppenheimer cut HCI Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th. Finally, Truist Financial raised their price objective on shares of HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, HCI Group has an average rating of “Moderate Buy” and an average target price of $230.00.

HCI Group Stock Performance

Shares of NYSE HCI traded down $3.27 during midday trading on Friday, hitting $158.31. The company’s stock had a trading volume of 105,080 shares, compared to its average volume of 151,439. The stock has a fifty day moving average price of $174.61 and a 200 day moving average price of $176.74. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 10.11 and a beta of 1.21. HCI Group has a one year low of $115.65 and a one year high of $210.50. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04.

HCI Group Dividend Announcement

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

HCI Group Company Profile

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.