Quantbot Technologies LP Has $915,000 Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Quantbot Technologies LP reduced its position in shares of HCI Group, Inc. (NYSE:HCI) by 21.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,546 shares of the insurance provider’s stock after selling 2,308 shares during the period. Quantbot Technologies LP owned approximately 0.08% of HCI Group worth $915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HCI. FMR LLC increased its stake in shares of HCI Group by 49.6% in the 3rd quarter. FMR LLC now owns 32,571 shares of the insurance provider’s stock valued at $3,487,000 after purchasing an additional 10,795 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in HCI Group by 167.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 73,576 shares of the insurance provider’s stock valued at $7,877,000 after buying an additional 46,057 shares in the last quarter. Intech Investment Management LLC grew its position in HCI Group by 108.0% in the third quarter. Intech Investment Management LLC now owns 4,526 shares of the insurance provider’s stock valued at $485,000 after acquiring an additional 2,350 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in HCI Group in the third quarter valued at about $1,767,000. Finally, Thrivent Financial for Lutherans raised its stake in HCI Group by 8.9% during the third quarter. Thrivent Financial for Lutherans now owns 6,629 shares of the insurance provider’s stock worth $710,000 after acquiring an additional 541 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on HCI. Compass Point reaffirmed a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. JMP Securities restated a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday, October 15th. Truist Financial upped their price target 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, Oppenheimer raised their price objective on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $140.00.

HCI Group Trading Up 4.4 %

Shares of NYSE HCI opened at $121.87 on Monday. The firm has a 50 day moving average price of $112.53 and a two-hundred day moving average price of $100.74. The stock has a market cap of $1.28 billion, a P/E ratio of 10.18 and a beta of 1.12. HCI Group, Inc. has a 52-week low of $81.35 and a 52-week high of $124.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be issued 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 1.31%. HCI Group’s payout ratio 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.