HCI Group, Inc. (NYSE:HCI) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of HCI Group, Inc. (NYSE:HCI) by 152.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,234 shares of the insurance provider’s stock after purchasing an additional 13,434 shares during the period. Victory Capital Management Inc. owned approximately 0.21% of HCI Group worth $2,380,000 at the end of the most recent quarter.

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

HCI Group Stock Up 1.0 %

Shares of HCI stock opened at $111.37 on Monday. The stock’s 50 day simple moving average is $111.37 and its 200 day simple moving average is $100.37. HCI Group, Inc. has a twelve month low of $81.35 and a twelve month high of $124.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 9.30 and a beta of 1.12.

HCI Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.44%. HCI Group’s dividend payout ratio (DPR) is presently 13.37%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HCI. JMP Securities reissued a “market outperform” rating and issued a $145.00 price target on shares of HCI Group in a research report on Tuesday, October 15th. Truist Financial upped their price target on shares of HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Compass Point reaffirmed a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. StockNews.com lowered HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Oppenheimer increased their price objective on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.00.

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.