Centiva Capital LP Takes $526,000 Position in HCI Group, Inc. (NYSE:HCI)

Centiva Capital LP purchased a new position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,914 shares of the insurance provider's stock, valued at approximately $526,000.

Other institutional investors have also modified their holdings of the company. Hood River Capital Management LLC boosted its holdings in HCI Group by 6.3% during the 2nd quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider's stock valued at $70,745,000 after acquiring an additional 45,668 shares during the period. Khrom Capital Management LLC lifted its position in shares of HCI Group by 225.3% during the second quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider's stock worth $54,123,000 after purchasing an additional 406,698 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HCI Group by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 339,951 shares of the insurance provider's stock valued at $31,333,000 after purchasing an additional 17,077 shares during the period. American Century Companies Inc. grew its holdings in shares of HCI Group by 130.5% in the second quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider's stock valued at $10,164,000 after purchasing an additional 62,438 shares in the last quarter. Finally, Millennium Management LLC increased its stake in HCI Group by 10.7% during the 2nd quarter. Millennium Management LLC now owns 97,156 shares of the insurance provider's stock worth $8,955,000 after buying an additional 9,398 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Compass Point restated a "neutral" rating and issued a $120.00 price target (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. JMP Securities reissued a "market outperform" rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Truist Financial increased their price target on HCI Group from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Oppenheimer raised their target price on shares of HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $140.00.

HCI Group Stock Down 0.1 %

Shares of NYSE:HCI traded down $0.08 on Friday, hitting $116.52. 76,839 shares of the company's stock were exchanged, compared to its average volume of 165,056. HCI Group, Inc. has a 1-year low of $81.35 and a 1-year high of $126.50. The company has a market capitalization of $1.23 billion, a PE ratio of 9.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The firm's 50-day moving average is $113.67 and its 200 day moving average is $101.37.

HCI Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.37%. HCI Group's dividend 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.