Centiva Capital LP Buys New Stake in HCI Group, Inc. (NYSE:HCI)

Centiva Capital LP purchased a new stake in shares of HCI Group, Inc. (NYSE:HCI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,914 shares of the insurance provider’s stock, valued at approximately $526,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in shares of HCI Group during the 2nd quarter worth about $26,000. Gladius Capital Management LP acquired a new position in HCI Group in the 2nd quarter worth about $31,000. GAMMA Investing LLC raised its holdings in HCI Group by 80.9% in the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 178 shares during the period. Nisa Investment Advisors LLC boosted 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 purchasing an additional 300 shares in the last quarter. Finally, CWM LLC grew its holdings in HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after purchasing an additional 495 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Down 0.1 %

Shares of NYSE HCI opened at $116.52 on Friday. The company has a market capitalization of $1.23 billion, a P/E ratio of 9.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The company has a 50 day simple moving average of $113.67 and a 200-day simple moving average of $101.36. HCI Group, Inc. has a 1 year low of $81.35 and a 1 year high of $126.50.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, November 15th. HCI Group’s dividend payout ratio is presently 13.37%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Compass Point reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Truist Financial increased 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. JMP Securities reissued a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Finally, Oppenheimer raised their price target on shares of 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 stock. According to data from MarketBeat.com, HCI Group has an average rating of “Moderate Buy” and a consensus price target 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.