GAMMA Investing LLC Acquires 113 Shares of HCI Group, Inc. (NYSE:HCI)

GAMMA Investing LLC raised its stake in HCI Group, Inc. (NYSE:HCI) by 28.4% in the 4th quarter, HoldingsChannel reports. The fund owned 511 shares of the insurance provider’s stock after buying an additional 113 shares during the quarter. GAMMA Investing LLC’s holdings in HCI Group were worth $60,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HCI. Point72 DIFC Ltd acquired a new position in shares of HCI Group during the second quarter valued at $26,000. Nisa Investment Advisors LLC raised its position in shares of HCI Group by 49.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock valued at $98,000 after acquiring an additional 300 shares during the period. CWM LLC boosted its stake in HCI Group by 34.2% during the 3rd quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock worth $133,000 after acquiring an additional 316 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of HCI Group in the 2nd quarter valued at $201,000. Finally, Arizona State Retirement System increased its holdings in shares of HCI Group by 11.3% in the second 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.

HCI Group Trading Down 3.7 %

Shares of HCI Group stock opened at $110.31 on Monday. The business has a fifty day simple moving average of $114.62 and a two-hundred day simple moving average of $104.72. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $1.16 billion, a price-to-earnings 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.

HCI Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.45%. HCI Group’s dividend payout ratio (DPR) is presently 13.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HCI shares. Truist Financial reiterated a “buy” rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, December 17th. Compass Point reissued a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Oppenheimer upped their price target 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, JMP Securities restated 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 issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

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.