HCI Group, Inc. (NYSE:HCI) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in HCI Group, Inc. (NYSE:HCI - Free Report) by 196.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,800 shares of the insurance provider's stock after acquiring an additional 100,600 shares during the quarter. Two Sigma Advisers LP owned approximately 1.44% of HCI Group worth $16,252,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HCI. SG Americas Securities LLC lifted its holdings in HCI Group by 153.6% in the second quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider's stock valued at $860,000 after acquiring an additional 5,649 shares during the period. Victory Capital Management Inc. raised its stake in HCI Group by 152.7% in the 3rd quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider's stock valued at $2,380,000 after purchasing an additional 13,434 shares during the last quarter. Royce & Associates LP purchased a new position in HCI Group in the 3rd quarter worth approximately $621,000. AQR Capital Management LLC increased its position in HCI Group by 27.2% during the second quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider's stock worth $4,905,000 after purchasing an additional 11,365 shares during the last quarter. Finally, BOKF NA acquired a new stake in HCI Group during the second quarter worth $533,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analyst Upgrades and Downgrades

HCI has been the topic of several analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $145.00 price objective on shares of HCI Group in a research note on Tuesday, October 15th. Compass Point restated a "neutral" rating and set a $120.00 price target (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Oppenheimer raised their price objective on shares of HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Truist Financial upped their price target on shares of HCI Group from $140.00 to $145.00 and gave the company a "buy" rating in a report 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $140.00.

HCI Group Stock Performance

HCI traded up $0.67 during trading hours on Monday, hitting $117.19. The company's stock had a trading volume of 83,903 shares, compared to its average volume of 146,304. 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 $126.50. The company has a 50-day simple moving average of $113.67 and a 200 day simple moving average of $101.37. The firm has a market capitalization of $1.24 billion, a PE ratio of 9.73 and a beta of 1.11.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be given a $0.40 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. HCI Group's dividend payout ratio is presently 13.37%.

HCI Group 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.