6,000 Shares in HCI Group, Inc. (NYSE:HCI) Purchased by Vestcor Inc

Vestcor Inc acquired a new position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,000 shares of the insurance provider's stock, valued at approximately $642,000. Vestcor Inc owned about 0.06% of HCI Group as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Compass Point reissued a "neutral" rating and issued a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Oppenheimer lifted their price target on shares of HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. JMP Securities restated a "market outperform" rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Finally, Truist Financial lifted their price objective 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

HCI Group Stock Up 0.9 %

NYSE:HCI traded up $1.01 during trading hours on Friday, hitting $114.24. 55,055 shares of the company traded hands, compared to its average volume of 145,553. 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 cap of $1.20 billion, a PE ratio of 9.54 and a beta of 1.11. The firm's 50-day simple moving average is $114.02 and its 200-day simple moving average is $101.79. HCI Group, Inc. has a one year low of $81.35 and a one year high of $126.50.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.40%. 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.