Intech Investment Management LLC Has $485,000 Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Intech Investment Management LLC grew its holdings in HCI Group, Inc. (NYSE:HCI) by 108.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,526 shares of the insurance provider’s stock after purchasing an additional 2,350 shares during the period. Intech Investment Management LLC’s holdings in HCI Group were worth $485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HCI. New York State Teachers Retirement System raised its position in shares of HCI Group by 1.5% in the third quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock valued at $1,113,000 after purchasing an additional 155 shares during the period. Thrivent Financial for Lutherans lifted its stake in HCI Group by 2.9% during the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock worth $561,000 after purchasing an additional 174 shares during the period. GAMMA Investing LLC raised its stake in 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 in the last quarter. Amalgamated Bank lifted its holdings in HCI Group by 10.3% during the 3rd 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 last quarter. Finally, Arizona State Retirement System increased its holdings in HCI Group by 11.3% during the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock valued at $206,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

Shares of HCI stock opened at $121.87 on Monday. The stock has a market capitalization of $1.28 billion, a PE ratio of 10.18 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. HCI Group, Inc. has a one year low of $81.35 and a one year high of $124.95. The business’s 50 day simple moving average is $112.53 and its 200 day simple moving average is $100.74.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, November 15th. HCI Group’s payout ratio is currently 13.37%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. 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. JMP Securities restated a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Oppenheimer boosted their price objective 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. Finally, Compass Point reissued a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two investment 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 a consensus rating of “Moderate Buy” and an average target price 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.