HCI Group, Inc. (NYSE:HCI) Shares Sold by West Coast Financial LLC

West Coast Financial LLC lessened its holdings in HCI Group, Inc. (NYSE:HCI) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,280 shares of the insurance provider’s stock after selling 306 shares during the period. West Coast Financial LLC owned approximately 0.34% of HCI Group worth $4,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC increased its holdings in HCI Group by 77.3% during the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock worth $1,659,000 after purchasing an additional 6,756 shares during the period. Victory Capital Management Inc. increased its stake in shares of HCI Group by 152.7% during the third quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock worth $2,380,000 after buying an additional 13,434 shares during the period. Royce & Associates LP purchased a new stake in shares of HCI Group during the third quarter worth approximately $621,000. AQR Capital Management LLC raised its holdings in HCI Group by 27.2% in the second quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider’s stock valued at $4,905,000 after acquiring an additional 11,365 shares in the last quarter. Finally, FMR LLC lifted its stake in HCI Group by 49.6% in the third quarter. FMR LLC now owns 32,571 shares of the insurance provider’s stock worth $3,487,000 after acquiring an additional 10,795 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

HCI Group Price Performance

Shares of NYSE HCI opened at $121.70 on Thursday. HCI Group, Inc. has a 1-year low of $81.35 and a 1-year high of $126.50. The company has a market cap of $1.28 billion, a PE ratio of 10.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a fifty day moving average price of $114.74 and a 200 day moving average price of $105.16.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.31%. HCI Group’s dividend payout ratio is currently 13.37%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial reissued a “buy” rating and issued a $145.00 target price on shares of HCI Group in a report on Tuesday, December 17th. Oppenheimer upped their target price on shares of HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Compass Point reiterated 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, JMP Securities reissued a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.