Quest Partners LLC Has $124,000 Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Quest Partners LLC reduced its holdings in HCI Group, Inc. (NYSE:HCI) by 70.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,160 shares of the insurance provider’s stock after selling 2,823 shares during the period. Quest Partners LLC’s holdings in HCI Group were worth $124,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HCI. Point72 DIFC Ltd acquired a new stake in HCI Group in the second quarter valued at $26,000. Gladius Capital Management LP acquired a new stake in shares of HCI Group in the second quarter valued at about $31,000. GAMMA Investing LLC raised its position in shares of HCI Group by 80.9% during the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 178 shares during the last quarter. CWM LLC lifted its stake in shares of HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after acquiring an additional 495 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in 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 acquiring an additional 300 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 0.6 %

NYSE:HCI opened at $116.71 on Friday. HCI Group, Inc. has a 12 month low of $81.35 and a 12 month high of $124.00. 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 has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.75 and a beta of 1.12. The firm has a fifty day simple moving average of $112.19 and a two-hundred day simple moving average of $100.63.

HCI Group Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. JMP Securities restated a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a report on Tuesday, October 15th. Truist Financial lifted their price objective on HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Compass Point restated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Finally, Oppenheimer lifted their target price on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $140.00.

HCI Group 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.