Bernzott Capital Advisors Sells 7,568 Shares of HCI Group, Inc. (NYSE:HCI)

Bernzott Capital Advisors lessened its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 9.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,789 shares of the insurance provider’s stock after selling 7,568 shares during the period. HCI Group accounts for approximately 4.4% of Bernzott Capital Advisors’ investment portfolio, making the stock its biggest holding. Bernzott Capital Advisors owned approximately 0.73% of HCI Group worth $8,948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Point72 DIFC Ltd acquired a new position in HCI Group during the second quarter worth approximately $26,000. GAMMA Investing LLC increased its position 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 buying an additional 178 shares during the period. Nisa Investment Advisors LLC increased its position in HCI Group by 49.1% during the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after buying an additional 300 shares during the period. CWM LLC increased its position in HCI Group by 34.2% during the third quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock worth $133,000 after buying an additional 316 shares during the period. Finally, Intech Investment Management LLC acquired a new position in HCI Group during the second quarter worth approximately $201,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Trading Up 0.8 %

NYSE:HCI opened at $121.09 on Friday. The firm has a market cap of $1.28 billion, a P/E ratio of 10.12 and a beta of 1.13. 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’s 50 day simple moving average is $114.83 and its 200-day simple moving average is $105.27. HCI Group, Inc. has a 12-month low of $81.35 and a 12-month high of $126.50.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were paid a $0.40 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. HCI Group’s dividend payout ratio (DPR) is presently 13.37%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HCI shares. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, October 15th. Truist Financial reaffirmed a “buy” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, December 17th. Oppenheimer boosted their target price on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Compass Point reissued a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, HCI Group has a consensus rating of “Moderate Buy” and an average target price 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.