HCI Group, Inc. (NYSE:HCI) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 62.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,060 shares of the insurance provider's stock after selling 8,497 shares during the quarter. Jane Street Group LLC's holdings in HCI Group were worth $542,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of HCI Group by 58.3% during the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider's stock worth $15,710,000 after acquiring an additional 54,050 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of HCI Group by 196.5% during the third quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider's stock worth $16,252,000 after purchasing an additional 100,600 shares during the last quarter. State Street Corp boosted its stake in shares of HCI Group by 7.7% during the third quarter. State Street Corp now owns 291,244 shares of the insurance provider's stock valued at $31,181,000 after purchasing an additional 20,910 shares during the period. Phase 2 Partners LLC bought a new position in shares of HCI Group in the third quarter worth about $4,547,000. Finally, Point72 DIFC Ltd increased its stake in HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider's stock worth $53,000 after buying an additional 213 shares during the period. Institutional investors own 86.99% of the company's stock.

HCI Group Stock Up 3.4 %

Shares of NYSE HCI traded up $3.72 during mid-day trading on Monday, reaching $113.97. 160,000 shares of the company were exchanged, compared to its average volume of 193,533. HCI Group, Inc. has a 1 year low of $81.35 and a 1 year high of $126.50. The firm has a 50-day moving average of $114.78 and a 200 day moving average of $103.95. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 9.52 and a beta of 1.13. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, November 15th. HCI Group's dividend payout ratio is currently 13.37%.

Analysts Set New Price Targets

HCI has been the subject of several research reports. JMP Securities reissued a "market outperform" rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Compass Point reiterated a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Oppenheimer increased their price target on HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $145.00 price objective on shares of HCI Group in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.