HCI Group, Inc. (NYSE:HCI) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 28.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511 shares of the insurance provider’s stock after acquiring an additional 113 shares during the period. GAMMA Investing LLC’s holdings in HCI Group were worth $60,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Khrom Capital Management LLC boosted its stake in HCI Group by 225.3% during the 2nd quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock valued at $54,123,000 after purchasing an additional 406,698 shares in the last quarter. Two Sigma Advisers LP boosted its stake in HCI Group by 196.5% during the third quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider’s stock valued at $16,252,000 after buying an additional 100,600 shares in the last quarter. American Century Companies Inc. grew its holdings 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 during the period. Wellington Management Group LLP grew its holdings in HCI Group by 58.3% during the third quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider’s stock worth $15,710,000 after acquiring an additional 54,050 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in HCI Group by 1,648.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider’s stock worth $6,102,000 after acquiring an additional 53,737 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 subject of a number of research reports. Compass Point restated a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. JMP Securities reiterated a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, October 15th. Truist Financial reiterated a “buy” rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Finally, Oppenheimer upped 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.00.

HCI Group Stock Performance

NYSE:HCI opened at $110.31 on Monday. The firm has a market capitalization of $1.16 billion, a PE ratio of 9.22 and a beta of 1.13. HCI Group, Inc. has a 1 year low of $81.35 and a 1 year high of $126.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $114.62 and its 200 day simple moving average is $104.72.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.45%. HCI Group’s 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.