HCI Group, Inc. (NYSE:HCI) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lessened its stake in HCI Group, Inc. (NYSE:HCI) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,594 shares of the insurance provider’s stock after selling 3,227 shares during the period. Legato Capital Management LLC owned 0.10% of HCI Group worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock worth $60,000 after acquiring an additional 113 shares during the last quarter. New York State Teachers Retirement System boosted its stake in HCI Group by 1.5% during the 3rd quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock worth $1,113,000 after purchasing an additional 155 shares during the period. Point72 DIFC Ltd grew its position in HCI Group by 75.0% during the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 213 shares during the last quarter. Amalgamated Bank increased its stake in HCI Group by 10.3% in the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 225 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of HCI Group by 49.1% in the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock valued at $98,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Price Performance

Shares of HCI opened at $119.20 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average is $117.62 and its two-hundred day moving average is $109.67. HCI Group, Inc. has a twelve month low of $83.64 and a twelve month high of $126.50. The firm has a market capitalization of $1.26 billion, a PE ratio of 9.96 and a beta of 1.12.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, February 21st. HCI Group’s dividend payout ratio is presently 13.37%.

Analyst Ratings Changes

HCI has been the topic of a number of research reports. Compass Point reissued a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. Oppenheimer lifted 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. Finally, Truist Financial restated a “buy” rating and set a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.