HCI Group, Inc. $HCI Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in HCI Group, Inc. (NYSE:HCI) by 7.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,456 shares of the insurance provider’s stock after selling 1,050 shares during the quarter. Los Angeles Capital Management LLC’s holdings in HCI Group were worth $1,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HCI. Global Assets Advisory LLC purchased a new stake in shares of HCI Group in the 2nd quarter valued at $46,000. USA Financial Formulas lifted its position in HCI Group by 250.0% during the second quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 370 shares during the period. Russell Investments Group Ltd. boosted its holdings in HCI Group by 825.7% in the first quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 578 shares during the last quarter. GAMMA Investing LLC grew its position in HCI Group by 24.5% during the 2nd quarter. GAMMA Investing LLC now owns 742 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 146 shares during the period. Finally, Simplex Trading LLC purchased a new position in shares of HCI Group during the 1st quarter valued at about $148,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on HCI shares. Weiss Ratings restated a “buy (b-)” rating on shares of HCI Group in a research note on Wednesday, October 8th. Citizens Jmp upped their price objective on HCI Group from $225.00 to $255.00 and gave the stock a “market outperform” rating in a research report on Monday. Wall Street Zen raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, Truist Financial increased their price target on shares of HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $230.00.

HCI Group Trading Down 0.7%

HCI stock opened at $187.25 on Wednesday. HCI Group, Inc. has a 12-month low of $106.03 and a 12-month high of $210.50. The business’s 50-day moving average is $189.60 and its 200 day moving average is $165.94. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 16.60 and a beta of 1.16.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, November 6th. The insurance provider reported $4.90 earnings per share for the quarter, beating the consensus estimate of $2.44 by $2.46. HCI Group had a return on equity of 25.84% and a net margin of 18.58%.The business had revenue of $216.35 million for the quarter, compared to the consensus estimate of $223.53 million. On average, sell-side analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 21st. HCI Group’s dividend payout ratio is 10.22%.

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.