Navellier & Associates Inc. Has $1.16 Million Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Navellier & Associates Inc. grew its position in shares of HCI Group, Inc. (NYSE:HCI) by 9.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,973 shares of the insurance provider’s stock after buying an additional 822 shares during the quarter. Navellier & Associates Inc.’s holdings in HCI Group were worth $1,162,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HCI. Two Sigma Advisers LP grew its stake in HCI Group by 196.5% during the third quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider’s stock worth $16,252,000 after buying an additional 100,600 shares during the last quarter. Wellington Management Group LLP grew its stake in HCI Group by 58.3% during the third quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider’s stock worth $15,710,000 after buying an additional 54,050 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of HCI Group by 1,648.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider’s stock valued at $6,102,000 after purchasing an additional 53,737 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of HCI Group by 28.7% during the third quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider’s stock valued at $23,538,000 after purchasing an additional 48,969 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of HCI Group by 167.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 73,576 shares of the insurance provider’s stock valued at $7,877,000 after purchasing an additional 46,057 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

HCI Group Trading Down 0.4 %

Shares of NYSE:HCI opened at $117.42 on Friday. HCI Group, Inc. has a 12 month low of $83.64 and a 12 month high of $126.50. 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’s fifty day simple moving average is $118.21 and its 200 day simple moving average is $111.07. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 9.81 and a beta of 1.12.

HCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. HCI Group’s payout ratio is 13.37%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HCI shares. Truist Financial reissued a “buy” rating and set a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. Oppenheimer increased their price target on shares of HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.