Royce & Associates LP Takes Position in HCI Group, Inc. (NYSE:HCI)

Royce & Associates LP purchased a new stake in HCI Group, Inc. (NYSE:HCI - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,805 shares of the insurance provider's stock, valued at approximately $621,000. Royce & Associates LP owned approximately 0.06% of HCI Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new position in shares of HCI Group during the 2nd quarter worth $26,000. Gladius Capital Management LP acquired a new position in HCI Group during the second quarter worth about $31,000. GAMMA Investing LLC raised its position in HCI Group by 80.9% during the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider's stock worth $43,000 after acquiring an additional 178 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of HCI Group by 49.1% in the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider's stock valued at $98,000 after purchasing an additional 300 shares in the last quarter. Finally, CWM LLC grew its position in shares of HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider's stock valued at $85,000 after purchasing an additional 495 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on HCI shares. Compass Point reissued 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. Truist Financial boosted their target price on shares of HCI Group from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 8th. 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. Oppenheimer upped their price objective on shares of HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, StockNews.com cut shares of HCI Group from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $140.00.

HCI Group Stock Down 1.5 %

HCI stock opened at $108.00 on Thursday. The company has a market capitalization of $1.14 billion, a P/E ratio of 9.02 and a beta of 1.12. The firm has a 50 day simple moving average of $110.88 and a 200-day simple moving average of $100.38. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a twelve month low of $81.35 and a twelve month high of $124.00.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be given a $0.40 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. HCI Group's payout ratio is currently 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.