Barclays PLC Has $1.66 Million Position in HCI Group, Inc. (NYSE:HCI)

Barclays PLC increased its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 77.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,501 shares of the insurance provider's stock after acquiring an additional 6,756 shares during the period. Barclays PLC owned about 0.15% of HCI Group worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System raised its stake in shares of HCI Group by 1.5% during the 3rd quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider's stock worth $1,113,000 after purchasing an additional 155 shares in the last quarter. Thrivent Financial for Lutherans raised its position in HCI Group by 2.9% during the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider's stock valued at $561,000 after acquiring an additional 174 shares in the last quarter. GAMMA Investing LLC lifted 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 acquiring an additional 178 shares during the last quarter. Point72 DIFC Ltd lifted its stake in HCI Group by 75.0% in the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider's stock valued at $53,000 after acquiring an additional 213 shares during the last quarter. Finally, Amalgamated Bank grew its position in HCI Group by 10.3% in the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider's stock worth $258,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HCI shares. Truist Financial restated a "buy" rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, December 17th. JMP Securities restated a "market outperform" rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, October 15th. 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 note on Monday, October 21st. Finally, Oppenheimer raised their price objective on HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.00.

HCI Group Stock Performance

Shares of NYSE:HCI traded down $4.26 during midday trading on Friday, hitting $110.31. The company's stock had a trading volume of 228,553 shares, compared to its average volume of 173,809. 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 stock's 50 day simple moving average is $114.62 and its 200 day simple moving average is $104.72. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.22 and a beta of 1.13. HCI Group, Inc. has a fifty-two week low of $81.35 and a fifty-two week high of $126.50.

HCI Group Dividend Announcement

The firm 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 of this dividend was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.45%. HCI Group's dividend payout ratio (DPR) is presently 13.37%.

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.