Thrivent Financial for Lutherans Has $710,000 Position in HCI Group, Inc. (NYSE:HCI)

Thrivent Financial for Lutherans boosted its holdings in HCI Group, Inc. (NYSE:HCI) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,629 shares of the insurance provider’s stock after acquiring an additional 541 shares during the quarter. Thrivent Financial for Lutherans owned 0.06% of HCI Group worth $710,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of HCI Group by 153.6% in the 2nd quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider’s stock worth $860,000 after buying an additional 5,649 shares in the last quarter. Victory Capital Management Inc. raised its stake in HCI Group by 152.7% during the third quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock worth $2,380,000 after acquiring an additional 13,434 shares in the last quarter. Royce & Associates LP acquired a new position in HCI Group during the third quarter worth $621,000. AQR Capital Management LLC lifted its holdings in shares of HCI Group by 27.2% during the second quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider’s stock valued at $4,905,000 after acquiring an additional 11,365 shares during the period. Finally, BOKF NA acquired a new stake in shares of HCI Group in the 2nd quarter valued at $533,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Price Performance

HCI opened at $118.89 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $1.25 billion, a P/E ratio of 9.93 and a beta of 1.11. The company’s 50 day simple moving average is $113.11 and its 200-day simple moving average is $101.03. HCI Group, Inc. has a one year low of $81.35 and a one year high of $126.50.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. HCI Group’s dividend payout ratio (DPR) is currently 13.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HCI shares. Truist Financial increased their target price on shares of HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JMP Securities reiterated a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Oppenheimer increased their price target on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Compass Point reiterated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.