State Street Corp Has $31.18 Million Stock Holdings in HCI Group, Inc. (NYSE:HCI)

State Street Corp boosted its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 291,244 shares of the insurance provider's stock after purchasing an additional 20,910 shares during the quarter. State Street Corp owned about 2.76% of HCI Group worth $31,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System raised its holdings in shares of HCI Group by 1.5% during the third quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider's stock valued at $1,113,000 after buying an additional 155 shares during the last quarter. Thrivent Financial for Lutherans increased its position in HCI Group by 2.9% in the 2nd 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 during the period. GAMMA Investing LLC raised its stake in HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 178 shares in the last quarter. Point72 DIFC Ltd raised its stake in HCI Group by 75.0% during the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider's stock valued at $53,000 after acquiring an additional 213 shares in the last quarter. Finally, Amalgamated Bank boosted its position in HCI Group by 10.3% during the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider's stock worth $258,000 after acquiring an additional 225 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on HCI shares. JMP Securities reissued a "market outperform" rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, October 15th. Compass Point reissued a "neutral" rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Oppenheimer upped their price target 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. Finally, Truist Financial reiterated a "buy" rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

HCI Group Price Performance

HCI Group stock traded up $2.12 during midday trading on Friday, hitting $113.37. The company's stock had a trading volume of 225,408 shares, compared to its average volume of 145,518. HCI Group, Inc. has a 12 month low of $81.35 and a 12 month high of $126.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.19 billion, a PE ratio of 9.47 and a beta of 1.11. The stock's 50-day moving average price is $114.85 and its 200-day moving average price is $102.48.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were issued a $0.40 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. HCI Group's payout ratio is currently 13.37%.

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.