Fmr LLC Acquires 10,795 Shares of HCI Group, Inc. (NYSE:HCI)

FMR LLC lifted its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 49.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,571 shares of the insurance provider's stock after acquiring an additional 10,795 shares during the quarter. FMR LLC owned approximately 0.31% of HCI Group worth $3,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HCI. Khrom Capital Management LLC boosted its stake in shares of 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 acquiring an additional 406,698 shares during the period. American Century Companies Inc. boosted its stake 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 purchasing an additional 62,438 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in HCI Group by 1,648.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider's stock valued at $6,102,000 after purchasing an additional 53,737 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in HCI Group by 167.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 73,576 shares of the insurance provider's stock valued at $7,877,000 after purchasing an additional 46,057 shares during the period. Finally, Hood River Capital Management LLC boosted its stake in HCI Group by 6.3% in 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 purchasing an additional 45,668 shares during the period. 86.99% of the stock is currently owned by institutional investors.

HCI Group Price Performance

NYSE HCI traded up $1.01 during midday trading on Friday, hitting $114.24. The company had a trading volume of 55,055 shares, compared to its average volume of 145,553. 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 twelve month low of $81.35 and a twelve month high of $126.50. The company has a market capitalization of $1.20 billion, a PE ratio of 9.54 and a beta of 1.11. The firm has a 50-day moving average price of $114.00 and a 200-day moving average price of $101.93.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. HCI Group's dividend payout ratio is currently 13.37%.

Analyst Upgrades and Downgrades

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

About HCI Group

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.