HCI Group, Inc. (NYSE:HCI) Shares Acquired by Barclays PLC

Barclays PLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 77.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,501 shares of the insurance provider's stock after purchasing an additional 6,756 shares during the period. Barclays PLC owned 0.15% of HCI Group worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Point72 DIFC Ltd bought a new stake in shares of HCI Group during the second quarter worth $26,000. GAMMA Investing LLC raised its stake in HCI Group by 80.9% in the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider's stock valued at $43,000 after buying an additional 178 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of HCI Group by 49.1% during the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider's stock worth $98,000 after buying an additional 300 shares during the period. CWM LLC lifted its holdings in shares of HCI Group by 34.2% during the third quarter. CWM LLC now owns 1,240 shares of the insurance provider's stock worth $133,000 after purchasing an additional 316 shares during the period. Finally, Intech Investment Management LLC purchased a new position in HCI Group during the 2nd quarter worth approximately $201,000. Institutional investors own 86.99% of the company's stock.

HCI Group Price Performance

HCI Group stock traded down $1.05 during mid-day trading on Friday, reaching $117.42. The company had a trading volume of 95,996 shares, compared to its average volume of 145,106. The stock's 50-day simple moving average is $114.89 and its 200-day simple moving average is $103.17. 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 $1.24 billion, a P/E ratio of 9.81 and a beta of 1.11. HCI Group, Inc. has a 1 year low of $81.35 and a 1 year high of $126.50.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. HCI Group's dividend payout ratio (DPR) is presently 13.37%.

Analyst Ratings Changes

HCI has been the subject of several recent analyst reports. Truist Financial restated a "buy" rating and issued a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. 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. 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. Finally, Oppenheimer increased their price objective 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

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.