HCI Group, Inc. (NYSE:HCI) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 152.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,234 shares of the insurance provider's stock after acquiring an additional 13,434 shares during the period. Victory Capital Management Inc. owned 0.21% of HCI Group worth $2,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HCI. Hood River Capital Management LLC lifted its holdings in shares of HCI Group by 6.3% during the second quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider's stock worth $70,745,000 after purchasing an additional 45,668 shares during the period. Khrom Capital Management LLC increased its position in HCI Group by 225.3% during the 2nd 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. Vanguard Group Inc. increased its position in HCI Group by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider's stock worth $58,034,000 after purchasing an additional 31,234 shares in the last quarter. Dimensional Fund Advisors LP increased its position in HCI Group by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 339,951 shares of the insurance provider's stock worth $31,333,000 after purchasing an additional 17,077 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in HCI Group by 130.5% in the 2nd quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider's stock valued at $10,164,000 after buying an additional 62,438 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HCI has been the subject of several recent analyst reports. Truist Financial lifted their price target on HCI Group from $140.00 to $145.00 and gave the company a "buy" rating in a report on Friday, November 8th. Oppenheimer lifted their price target on HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, November 8th. JMP Securities restated a "market outperform" rating and issued a $145.00 price target on shares of HCI Group in a report on Tuesday, October 15th. 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 report on Monday, October 21st. Finally, StockNews.com cut HCI Group from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

HCI Group Trading Up 2.5 %

Shares of NYSE:HCI traded up $2.75 during trading on Monday, reaching $114.12. 78,941 shares of the stock were exchanged, compared to its average volume of 146,756. The firm's 50-day moving average price is $111.37 and its 200 day moving average price is $100.26. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 9.30 and a beta of 1.12. 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, Inc. has a 12-month low of $81.35 and a 12-month high of $124.00.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 1.40%. HCI Group's payout ratio is 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.