Wed Sep 25 08:47:25 UTC 2024: ## Renaissance Technologies Boosts HCI Group Stake, Institutional Investors Active

**New York, NY (MarketBeat News)** – Renaissance Technologies LLC, the renowned quantitative investment firm, has increased its stake in HCI Group, Inc. (NYSE: HCI) by 19.5% in the second quarter, according to its latest 13F filing. The firm now owns 92,419 shares of the Florida-based insurance provider, representing approximately 0.88% of HCI Group’s total value.

This move follows a trend of increased institutional interest in HCI Group. Other notable activity includes:

* **Quest Partners LLC** acquiring a new stake in the fourth quarter valued at $28,000.
* **Gladius Capital Management LP** purchasing a new stake in the second quarter worth approximately $31,000.
* **CWM LLC** lifting its holdings by 115.4% in the second quarter, now owning 924 shares valued at $85,000.
* **Arizona State Retirement System** growing its stake by 11.3% in the second quarter, now owning 2,234 shares valued at $206,000.
* **Signature Estate & Investment Advisors LLC** acquiring a new position in the second quarter worth approximately $217,000.

Overall, hedge funds and other institutional investors now own 86.99% of HCI Group’s outstanding stock.

**HCI Group’s Performance and Outlook**

HCI Group opened at $107.52 on Wednesday. The company boasts a market cap of $1.13 billion, a P/E ratio of 10.94, and a beta of 1.13.

The company recently announced a quarterly dividend of $0.40 per share, representing a $1.60 annualized dividend and a yield of 1.49%.

Analyst sentiment towards HCI Group is generally positive. While StockNews.com downgraded the stock from “buy” to “hold,” JMP Securities reiterated a “market outperform” rating and set a $145.00 price target. Overall, the consensus rating for HCI Group is “Moderate Buy” with an average price target of $130.25.

**HCI Group, Inc.** specializes in property and casualty insurance, insurance management, reinsurance, real estate, and information technology services in Florida. The company provides a range of residential insurance products, including homeowners, fire, flood, and wind-only insurance.

For further insights on HCI Group, investors can visit HoldingsChannel.com for the latest 13F filings and insider trades.

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