Verition Fund Management LLC lifted its stake in HCI Group, Inc. (NYSE:HCI – Free Report) by 762.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,869 shares of the insurance provider’s stock after acquiring an additional 16,682 shares during the period. Verition Fund Management LLC owned approximately 0.18% of HCI Group worth $2,020,000 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 increased its stake in 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 period. Thrivent Financial for Lutherans increased 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 buying an additional 174 shares during the period. GAMMA Investing LLC raised its stake in shares of HCI Group by 80.9% in the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after buying an additional 178 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of HCI Group by 10.3% during the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 225 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of HCI Group by 11.3% during the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock valued at $206,000 after acquiring an additional 227 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.
HCI Group Trading Down 0.9 %
NYSE HCI opened at $116.60 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. HCI Group, Inc. has a one year low of $81.35 and a one year high of $126.50. The business has a 50 day simple moving average of $113.49 and a 200 day simple moving average of $101.26. The stock has a market capitalization of $1.23 billion, a P/E ratio of 9.74 and a beta of 1.11.
HCI Group Announces Dividend
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Compass Point reiterated 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. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, October 15th. Truist Financial lifted their price target on HCI Group from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Oppenheimer upped their target price on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.
View Our Latest Analysis on HCI Group
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.
Featured Articles
- Five stocks we like better than HCI Group
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- NVIDIA’s Blackwell Chips Set for Arizona Manufacturing by TSMC?
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Okta: Bullish Signals Suggest a Market Reversal Is Underway
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- BlackRock Makes Waves With $12B Private Credit Acquisition
Receive News & Ratings for HCI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group and related companies with MarketBeat.com's FREE daily email newsletter.