Barclays PLC Boosts Stake in HCI Group, Inc. (NYSE:HCI)

Barclays PLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI) by 77.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,501 shares of the insurance provider’s stock after buying an additional 6,756 shares during the quarter. Barclays PLC owned about 0.15% of HCI Group worth $1,659,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its stake in shares of HCI Group by 1.5% during the third quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock valued at $1,113,000 after acquiring an additional 155 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in HCI Group by 2.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock valued at $561,000 after purchasing an additional 174 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 178 shares during the last quarter. Point72 DIFC Ltd grew its holdings in shares of HCI Group by 75.0% during the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after buying an additional 213 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of HCI Group by 10.3% in the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock valued at $258,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HCI shares. 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 research report on Monday, October 21st. Oppenheimer raised 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. Truist Financial reiterated a “buy” rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. Finally, JMP Securities reissued a “market outperform” rating and issued a $145.00 price target on shares of HCI Group in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, HCI Group has an average rating of “Moderate Buy” and an average price target of $140.00.

HCI Group Stock Down 0.9 %

Shares of NYSE HCI opened at $117.42 on Friday. The stock has a market capitalization of $1.24 billion, a PE ratio of 9.81 and a beta of 1.11. 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 firm has a fifty day moving average of $114.89 and a 200-day moving average of $103.12. HCI Group, Inc. has a 52-week low of $81.35 and a 52-week high of $126.50.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, November 15th. HCI Group’s dividend payout ratio (DPR) is presently 13.37%.

HCI Group 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.