HCI Group, Inc. $HCI Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its holdings in HCI Group, Inc. (NYSE:HCI) by 19.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,520 shares of the insurance provider’s stock after selling 4,915 shares during the period. Jupiter Asset Management Ltd.’s holdings in HCI Group were worth $3,938,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new stake in HCI Group during the third quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 184 shares during the period. Westside Investment Management Inc. grew its holdings in shares of HCI Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 126 shares during the period. Caldwell Trust Co acquired a new stake in shares of HCI Group during the 2nd quarter worth about $83,000. Finally, Global Retirement Partners LLC increased its position in shares of HCI Group by 1,664.9% during the 3rd quarter. Global Retirement Partners LLC now owns 653 shares of the insurance provider’s stock worth $125,000 after purchasing an additional 616 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

HCI Group Stock Up 0.4%

Shares of HCI opened at $155.86 on Friday. The company’s 50-day simple moving average is $172.59 and its 200-day simple moving average is $177.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80. HCI Group, Inc. has a 1 year low of $116.51 and a 1 year high of $210.50. The stock has a market capitalization of $2.02 billion, a PE ratio of 9.95 and a beta of 1.21.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. HCI Group’s dividend payout ratio is 10.22%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citizens Jmp upped their target price on shares of HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a research report on Monday, November 10th. Oppenheimer downgraded shares of HCI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Zacks Research cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Finally, Truist Financial boosted their target price on HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $231.67.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.