Amalgamated Bank Has $258,000 Stake in HCI Group, Inc. (NYSE:HCI)

Amalgamated Bank lifted its position in HCI Group, Inc. (NYSE:HCI) by 10.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,413 shares of the insurance provider’s stock after purchasing an additional 225 shares during the quarter. Amalgamated Bank’s holdings in HCI Group were worth $258,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HCI. Hood River Capital Management LLC raised its stake in HCI Group by 6.3% during the second quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider’s stock worth $70,745,000 after acquiring an additional 45,668 shares in the last quarter. Khrom Capital Management LLC raised its stake in HCI Group by 225.3% during the second quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock worth $54,123,000 after acquiring an additional 406,698 shares in the last quarter. Vanguard Group Inc. raised its stake in HCI Group by 6.7% during the first quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock worth $58,034,000 after acquiring an additional 31,234 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in HCI Group by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 339,951 shares of the insurance provider’s stock worth $31,333,000 after acquiring an additional 17,077 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in HCI Group by 130.5% during the second quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider’s stock worth $10,164,000 after acquiring an additional 62,438 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HCI. StockNews.com lowered HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Truist Financial increased their target price on HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Oppenheimer increased their target price on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Compass Point restated a “neutral” rating and set 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 restated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

HCI Group Price Performance

HCI Group stock opened at $111.98 on Monday. The business’s 50-day simple moving average is $110.17 and its 200 day simple moving average is $100.45. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 9.36 and a beta of 1.12. HCI Group, Inc. has a 12-month low of $78.83 and a 12-month high of $124.00. The company has a quick ratio of 0.44, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, November 15th. HCI Group’s dividend payout ratio is 13.37%.

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.