HCI Group, Inc. (NYSE:HCI) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in HCI Group, Inc. (NYSE:HCI) by 63.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,735 shares of the insurance provider’s stock after selling 13,511 shares during the period. Janney Montgomery Scott LLC’s holdings in HCI Group were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in HCI Group by 107.3% during the 1st quarter. SG Americas Securities LLC now owns 3,677 shares of the insurance provider’s stock valued at $427,000 after purchasing an additional 1,903 shares during the period. Swiss National Bank boosted its position in HCI Group by 1.4% during the 1st quarter. Swiss National Bank now owns 14,400 shares of the insurance provider’s stock valued at $1,672,000 after purchasing an additional 200 shares during the period. Sei Investments Co. boosted its position in HCI Group by 29.0% during the 1st quarter. Sei Investments Co. now owns 6,461 shares of the insurance provider’s stock valued at $750,000 after purchasing an additional 1,453 shares during the period. Vanguard Group Inc. boosted its position in 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 purchasing an additional 31,234 shares during the period. Finally, American International Group Inc. boosted its position in HCI Group by 12.3% during 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. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Down 2.5 %

HCI opened at $111.98 on Monday. HCI Group, Inc. has a one year low of $78.83 and a one year high of $124.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.44 and a current ratio of 0.47. The stock’s fifty day moving average is $110.17 and its 200-day moving average is $100.45. The company has a market capitalization of $1.18 billion, a PE ratio of 9.36 and a beta of 1.12.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, November 15th. HCI Group’s dividend payout ratio is presently 13.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HCI shares. Truist Financial boosted their price objective on HCI Group from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Compass Point reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Oppenheimer lifted their target price on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.