Navellier & Associates Inc. Acquires 822 Shares of HCI Group, Inc. (NYSE:HCI)

Navellier & Associates Inc. increased its holdings in HCI Group, Inc. (NYSE:HCI) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,973 shares of the insurance provider’s stock after purchasing an additional 822 shares during the period. Navellier & Associates Inc. owned approximately 0.09% of HCI Group worth $1,162,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 DIFC Ltd boosted its holdings in HCI Group by 75.0% in the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 213 shares in the last quarter. GAMMA Investing LLC lifted its position in HCI Group by 28.4% during the 4th 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. Nisa Investment Advisors LLC lifted its position in HCI Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after acquiring an additional 300 shares during the last quarter. Amalgamated Bank lifted its position in HCI Group by 10.3% during the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 225 shares during the last quarter. Finally, Ieq Capital LLC acquired a new position in HCI Group during the 4th quarter worth $311,000. 86.99% of the stock is currently owned by institutional investors.

HCI Group Stock Down 0.4 %

Shares of HCI opened at $117.42 on Friday. The company has a 50-day simple moving average of $118.21 and a 200-day simple moving average of $111.07. The firm has a market capitalization of $1.24 billion, a P/E ratio of 9.81 and a beta of 1.12. 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, Inc. has a 52 week low of $83.64 and a 52 week high of $126.50.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, February 21st. HCI Group’s dividend payout ratio (DPR) is presently 13.37%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial reissued a “buy” rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Oppenheimer boosted their target price 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

About HCI Group

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.