Bernzott Capital Advisors decreased its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,789 shares of the insurance provider's stock after selling 7,568 shares during the period. HCI Group accounts for about 4.4% of Bernzott Capital Advisors' portfolio, making the stock its biggest position. Bernzott Capital Advisors owned 0.73% of HCI Group worth $8,948,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in HCI Group in the 2nd quarter valued at about $26,000. GAMMA Investing LLC grew its position in 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 purchasing an additional 178 shares during the period. Nisa Investment Advisors LLC increased its stake in HCI Group by 49.1% during the 3rd 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. CWM LLC increased 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 valued at $133,000 after purchasing an additional 316 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in HCI Group during the second quarter worth $201,000. Institutional investors and hedge funds own 86.99% of the company's stock.
Wall Street Analyst Weigh In
HCI has been the topic of several recent research reports. Compass Point reaffirmed a "neutral" rating and issued 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 restated a "buy" rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, December 17th. Oppenheimer lifted their price objective on shares of HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, JMP Securities reissued a "market outperform" rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.00.
Read Our Latest Stock Analysis on HCI Group
HCI Group Stock Performance
HCI stock traded up $0.10 during mid-day trading on Friday, hitting $121.50. The company had a trading volume of 81,621 shares, compared to its average volume of 138,502. HCI Group, Inc. has a 12 month low of $83.64 and a 12 month high of $126.50. The stock's fifty day moving average price is $114.83 and its two-hundred day moving average price is $105.27. The firm has a market cap of $1.28 billion, a PE ratio of 10.15 and a beta of 1.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.
HCI Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. HCI Group's payout ratio is 13.37%.
HCI Group Company Profile
(
Free Report)
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 Stories
Before you consider HCI Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HCI Group wasn't on the list.
While HCI Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
