HCI Group, Inc. (NYSE:HCI) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in HCI Group, Inc. (NYSE:HCI) by 53.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,786 shares of the insurance provider’s stock after purchasing an additional 2,017 shares during the period. HighTower Advisors LLC owned about 0.05% of HCI Group worth $624,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System raised its position in shares of HCI Group by 1.5% in the 3rd quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock valued at $1,113,000 after purchasing an additional 155 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in HCI Group by 2.9% in the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock valued at $561,000 after acquiring an additional 174 shares in the last quarter. GAMMA Investing LLC raised its holdings in HCI Group by 80.9% in the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 178 shares in the last quarter. Amalgamated Bank boosted its stake in HCI Group by 10.3% during the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock valued at $258,000 after acquiring an additional 225 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in HCI Group by 11.3% during the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock worth $206,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

HCI has been the topic of a number of recent analyst reports. Truist Financial restated a “buy” rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday. JMP Securities restated a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, October 15th. Oppenheimer lifted their target price 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 reissued a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Two equities 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, HCI Group currently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

HCI Group Price Performance

HCI opened at $111.25 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $114.82 and its 200 day moving average price is $102.29. HCI Group, Inc. has a fifty-two week low of $81.35 and a fifty-two week high of $126.50. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 9.29 and a beta of 1.11.

HCI Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 15th. HCI Group’s payout ratio is 13.37%.

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.