Charles Schwab Investment Management Inc. Has $7.88 Million Stake in HCI Group, Inc. (NYSE:HCI)

Charles Schwab Investment Management Inc. grew its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 167.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,576 shares of the insurance provider's stock after purchasing an additional 46,057 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.70% of HCI Group worth $7,877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HCI. Point72 DIFC Ltd acquired a new position in HCI Group in the 2nd quarter valued at $26,000. Gladius Capital Management LP acquired a new position in shares of HCI Group in the second quarter valued at about $31,000. GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 178 shares in the last quarter. CWM LLC grew its position in shares of HCI Group by 115.4% during the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider's stock worth $85,000 after purchasing an additional 495 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of HCI Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider's stock worth $98,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Trading Down 0.4 %

NYSE:HCI traded down $0.49 during mid-day trading on Wednesday, hitting $113.50. 159,566 shares of the company's stock were exchanged, compared to its average volume of 146,130. The firm has a market capitalization of $1.20 billion, a P/E ratio of 9.52 and a beta of 1.11. The company has a 50 day simple moving average of $114.00 and a 200-day simple moving average of $101.63. 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 fifty-two week low of $81.35 and a fifty-two week high of $126.50.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, November 15th. HCI Group's payout ratio is presently 13.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HCI shares. 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. Oppenheimer increased their target price on HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Compass Point reiterated 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, Truist Financial raised their price objective on HCI Group from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, HCI Group presently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

HCI Group Company 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.