Suncoast Equity Management Sells 275 Shares of HCI Group, Inc. (NYSE:HCI)

Suncoast Equity Management lowered its position in HCI Group, Inc. (NYSE:HCI) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,800 shares of the insurance provider’s stock after selling 275 shares during the quarter. Suncoast Equity Management’s holdings in HCI Group were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Point72 DIFC Ltd raised its stake in shares of HCI Group by 75.0% during the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 213 shares during the last quarter. GAMMA Investing LLC increased its holdings in HCI Group by 28.4% in the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 113 shares during the period. Nisa Investment Advisors LLC raised 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 purchasing an additional 300 shares during the last quarter. CWM LLC lifted its holdings in HCI Group by 34.2% during the 3rd quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock worth $133,000 after buying an additional 316 shares during the period. Finally, Amalgamated Bank grew its position in shares of HCI Group by 10.3% in the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock valued at $258,000 after buying an additional 225 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Stock Down 0.7 %

HCI Group stock opened at $118.45 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.25 billion, a PE ratio of 9.90 and a beta of 1.12. The firm’s fifty day moving average is $118.14 and its 200 day moving average is $110.71. HCI Group, Inc. has a 12-month low of $83.64 and a 12-month high of $126.50.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, February 21st. HCI Group’s dividend payout ratio (DPR) is currently 13.37%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial restated a “buy” rating and set a $145.00 price objective on shares of HCI Group in a research report on Tuesday, December 17th. Oppenheimer boosted their price target 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 equities 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, HCI Group has a consensus rating of “Moderate Buy” and an average 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.