16,508 Shares in HCI Group, Inc. (NYSE:HCI) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in HCI Group, Inc. (NYSE:HCI - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 16,508 shares of the insurance provider's stock, valued at approximately $1,767,000. Segall Bryant & Hamill LLC owned approximately 0.16% of HCI Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in 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 buying an additional 155 shares during 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 worth $561,000 after acquiring an additional 174 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 178 shares in the last quarter. Amalgamated Bank grew its position in shares of HCI Group by 10.3% in the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider's stock valued at $258,000 after purchasing an additional 225 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of HCI Group by 11.3% during the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider's stock worth $206,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HCI shares. Truist Financial upped their target price on HCI Group from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 8th. StockNews.com lowered HCI Group from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Compass Point reiterated a "neutral" rating and set a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. 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. Finally, Oppenheimer lifted their target price on shares of HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $140.00.

HCI Group Trading Up 1.0 %

NYSE:HCI traded up $1.11 on Friday, hitting $111.37. 142,453 shares of the stock were exchanged, compared to its average volume of 149,120. The stock has a fifty day moving average of $111.37 and a 200-day moving average of $100.37. The stock has a market cap of $1.17 billion, a PE ratio of 9.30 and a beta of 1.12. 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 $124.00.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 dividend on an annualized basis and a yield of 1.44%. HCI Group's dividend payout ratio (DPR) 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.