HCI Group, Inc. (NYSE:HCI) Stake Decreased by Bernzott Capital Advisors

Bernzott Capital Advisors cut its holdings in HCI Group, Inc. (NYSE:HCI) by 9.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 76,789 shares of the insurance provider’s stock after selling 7,568 shares during the quarter. HCI Group comprises 4.4% of Bernzott Capital Advisors’ investment portfolio, making the stock its biggest holding. Bernzott Capital Advisors’ holdings in HCI Group were worth $8,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in HCI Group during the second quarter worth $26,000. GAMMA Investing LLC boosted 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 purchasing an additional 178 shares in the last quarter. Nisa Investment Advisors LLC boosted 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 purchasing an additional 300 shares in the last quarter. CWM LLC boosted 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 purchasing an additional 316 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in HCI Group during the second quarter worth $201,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

HCI Group Stock Up 0.8 %

Shares of NYSE:HCI opened at $121.09 on Friday. The company has a market capitalization of $1.28 billion, a P/E ratio of 10.12 and a beta of 1.13. The stock’s fifty day simple moving average is $114.83 and its 200-day simple moving average is $105.27. HCI Group, Inc. has a 52-week low of $81.35 and a 52-week 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.

HCI Group Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.32%. HCI Group’s payout ratio is currently 13.37%.

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.