Victory Capital Management Inc. Purchases 13,434 Shares of HCI Group, Inc. (NYSE:HCI)

Victory Capital Management Inc. boosted its stake in shares of HCI Group, Inc. (NYSE:HCI) by 152.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,234 shares of the insurance provider’s stock after buying an additional 13,434 shares during the period. Victory Capital Management Inc.’s holdings in HCI Group were worth $2,380,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of HCI Group by 29.0% during the 1st quarter. Sei Investments Co. now owns 6,461 shares of the insurance provider’s stock worth $750,000 after buying an additional 1,453 shares during the period. Vanguard Group Inc. lifted its position in shares of HCI Group by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock valued at $58,034,000 after acquiring an additional 31,234 shares during the period. American International Group Inc. grew its position in HCI Group by 12.3% in the 1st quarter. American International Group Inc. now owns 3,910 shares of the insurance provider’s stock valued at $454,000 after purchasing an additional 428 shares during the period. CANADA LIFE ASSURANCE Co raised its position in HCI Group by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 5,980 shares of the insurance provider’s stock valued at $692,000 after buying an additional 895 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of HCI Group during the first quarter valued at approximately $242,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HCI has been the subject of several research reports. Truist Financial increased their price target on HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JMP Securities reiterated a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. StockNews.com cut shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Oppenheimer raised their price objective on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Compass Point reaffirmed a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, HCI Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

HCI Group Stock Up 1.0 %

HCI opened at $111.37 on Monday. The business’s 50-day moving average price is $111.37 and its 200-day moving average price is $100.37. The company has a market cap of $1.17 billion, a P/E ratio of 9.30 and a beta of 1.12. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a 12 month low of $81.35 and a 12 month high of $124.00.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, November 15th. HCI Group’s dividend payout ratio is presently 13.37%.

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.