Y Intercept Hong Kong Ltd acquired a new stake in shares of HCI Group, Inc. (NYSE:HCI – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,887 shares of the insurance provider’s stock, valued at approximately $2,302,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in HCI Group by 5.5% in the 1st quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock worth $2,093,000 after acquiring an additional 727 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in HCI Group by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock valued at $736,000 after purchasing an additional 228 shares in the last quarter. Millennium Management LLC lifted its holdings in HCI Group by 78.7% during the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock valued at $15,278,000 after purchasing an additional 45,097 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of HCI Group by 115.9% in the second quarter. Russell Investments Group Ltd. now owns 1,399 shares of the insurance provider’s stock worth $213,000 after purchasing an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of HCI Group by 557.6% in the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 184 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on HCI shares. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Weiss Ratings raised shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $245.00.
HCI Group Price Performance
HCI stock opened at $179.66 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The company’s fifty day moving average price is $162.03 and its 200-day moving average price is $163.95. HCI Group, Inc. has a one year low of $136.37 and a one year high of $210.50. The company has a market capitalization of $2.29 billion, a PE ratio of 7.89 and a beta of 1.03.
HCI Group (NYSE:HCI – Get Free Report) last posted its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $5.26 by $0.19. The company had revenue of $242.88 million during the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. On average, equities analysts anticipate that HCI Group, Inc. will post 18.07 EPS for the current fiscal year.
HCI Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 15th were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. HCI Group’s dividend payout ratio (DPR) is presently 7.02%.
HCI Group Company Profile
HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.
The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.
Featured Articles
- Five stocks we like better than HCI Group
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Want to see what other hedge funds are holding HCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCI Group, Inc. (NYSE:HCI – Free Report).
Receive News & Ratings for HCI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group and related companies with MarketBeat.com's FREE daily email newsletter.
