Amalgamated Bank Buys 225 Shares of HCI Group, Inc. (NYSE:HCI)

Amalgamated Bank grew its stake in shares of HCI Group, Inc. (NYSE:HCI) by 10.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,413 shares of the insurance provider’s stock after acquiring an additional 225 shares during the quarter. Amalgamated Bank’s holdings in HCI Group were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCI. SG Americas Securities LLC boosted its holdings in HCI Group by 107.3% during the first quarter. SG Americas Securities LLC now owns 3,677 shares of the insurance provider’s stock worth $427,000 after buying an additional 1,903 shares during the last quarter. Swiss National Bank boosted its holdings in HCI Group by 1.4% during the first quarter. Swiss National Bank now owns 14,400 shares of the insurance provider’s stock worth $1,672,000 after buying an additional 200 shares during the last quarter. Sei Investments Co. boosted its holdings in HCI Group by 29.0% during the first quarter. Sei Investments Co. now owns 6,461 shares of the insurance provider’s stock worth $750,000 after buying an additional 1,453 shares during the last quarter. Vanguard Group Inc. boosted its holdings in HCI Group by 6.7% during the first quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock worth $58,034,000 after buying an additional 31,234 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in HCI Group by 12.3% during the first quarter. American International Group Inc. now owns 3,910 shares of the insurance provider’s stock worth $454,000 after buying an additional 428 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HCI Group Trading Down 2.5 %

NYSE HCI opened at $111.98 on Monday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 9.36 and a beta of 1.12. The stock’s 50 day moving average price is $110.17 and its two-hundred day moving average price is $100.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.44 and a current ratio of 0.47. HCI Group, Inc. has a 52 week low of $78.83 and a 52 week high of $124.00.

HCI Group Announces Dividend

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

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.