HCI Group, Inc. (NYSE:HCI) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its stake in shares of HCI Group, Inc. (NYSE:HCI) by 196.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,169 shares of the insurance provider’s stock after buying an additional 8,063 shares during the quarter. Point72 Asset Management L.P. owned 0.12% of HCI Group worth $1,303,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of HCI Group during the second quarter valued at about $26,000. Gladius Capital Management LP purchased a new position in HCI Group in the second quarter valued at about $31,000. GAMMA Investing LLC grew its stake in HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 178 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in HCI Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after purchasing an additional 300 shares during the last quarter. Finally, CWM LLC raised its position in shares of HCI Group by 115.4% in the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after purchasing an additional 495 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

HCI Group Stock Performance

Shares of NYSE HCI opened at $113.94 on Wednesday. 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’s 50-day moving average price is $114.00 and its two-hundred day moving average price is $101.63. HCI Group, Inc. has a 52-week low of $81.35 and a 52-week high of $126.50. The stock has a market capitalization of $1.20 billion, a P/E ratio of 9.52 and a beta of 1.11.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.40%. HCI Group’s dividend payout ratio is currently 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.