Point72 DIFC Ltd Acquires 213 Shares of HCI Group, Inc. (NYSE:HCI)

Point72 DIFC Ltd raised its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 75.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 497 shares of the insurance provider’s stock after acquiring an additional 213 shares during the period. Point72 DIFC Ltd’s holdings in HCI Group were worth $53,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Khrom Capital Management LLC grew its stake in shares of HCI Group by 225.3% during the second quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock worth $54,123,000 after purchasing an additional 406,698 shares during the period. American Century Companies Inc. boosted its holdings in HCI Group by 130.5% during the second quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider’s stock worth $10,164,000 after buying an additional 62,438 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of HCI Group by 1,648.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider’s stock worth $6,102,000 after buying an additional 53,737 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of HCI Group by 167.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 73,576 shares of the insurance provider’s stock worth $7,877,000 after buying an additional 46,057 shares during the period. Finally, Hood River Capital Management LLC raised its position in shares of HCI Group by 6.3% in the 2nd quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider’s stock valued at $70,745,000 after acquiring an additional 45,668 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Up 0.6 %

Shares of HCI stock opened at $117.19 on Tuesday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.79 and a beta of 1.11. HCI Group, Inc. has a 12-month low of $81.35 and a 12-month high of $126.50. The firm has a fifty day moving average of $113.87 and a 200-day moving average of $101.51. 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 Announces Dividend

The company also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, November 15th. HCI Group’s dividend payout ratio is 13.37%.

Analyst Ratings Changes

HCI has been the subject of a number of analyst reports. Truist Financial boosted 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. Compass Point restated a “neutral” rating and issued 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 reiterated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, October 15th. Finally, Oppenheimer boosted their target price on HCI Group from $140.00 to $150.00 and gave the company 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, HCI Group presently has a consensus rating of “Moderate Buy” and an average price target 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.