Segall Bryant & Hamill LLC Purchases Shares of 16,508 HCI Group, Inc. (NYSE:HCI)

Segall Bryant & Hamill LLC acquired a new position in shares of HCI Group, Inc. (NYSE:HCI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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.

Several other large investors also recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in HCI Group during the second quarter worth $26,000. Gladius Capital Management LP bought a new stake in shares of HCI Group in the 2nd quarter valued at about $31,000. GAMMA Investing LLC lifted its stake in HCI Group by 80.9% in the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 178 shares during the last quarter. CWM LLC grew its holdings in HCI Group by 115.4% during the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after purchasing an additional 495 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in HCI Group by 49.1% during the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Trading Up 1.0 %

Shares of HCI Group stock opened at $111.37 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a 50-day moving average of $111.37 and a 200-day moving average of $100.45. HCI Group, Inc. has a 52-week low of $81.35 and a 52-week high of $124.00. The stock has a market cap of $1.17 billion, a PE ratio of 9.31 and a beta of 1.12.

HCI Group Dividend Announcement

The firm also recently announced 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 is Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.44%. HCI Group’s payout ratio is presently 13.37%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HCI. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Oppenheimer lifted their price objective on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JMP Securities restated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Truist Financial lifted their target price on shares of HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Compass Point reissued a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

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.