Jefferies Financial Group Inc. purchased a new stake in HCI Group, Inc. (NYSE:HCI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,884 shares of the insurance provider’s stock, valued at approximately $2,083,000. Jefferies Financial Group Inc. owned approximately 0.10% of HCI Group at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of HCI. Torren Management LLC acquired a new stake in shares of HCI Group in the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC lifted its holdings in HCI Group by 519.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 135 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in HCI Group by 557.6% in the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares in the last quarter. Farther Finance Advisors LLC boosted its position in HCI Group by 62.8% in the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after buying an additional 71 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new stake in HCI Group during the first quarter worth about $46,000. 86.99% of the stock is currently owned by institutional investors.
HCI Group Stock Down 0.4%
Shares of HCI opened at $186.20 on Friday. The business’s fifty day moving average price is $180.44 and its two-hundred day moving average price is $165.79. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 8.03 and a beta of 1.04. HCI Group, Inc. has a 52 week low of $144.75 and a 52 week high of $210.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69.
HCI Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. HCI Group’s payout ratio is currently 6.90%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on HCI. Citizens Jmp boosted their target price on HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a report on Friday, August 7th. Zacks Research downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of HCI Group in a research note on Friday, August 7th. Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Weiss Ratings cut HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.67.
Get Our Latest Stock Analysis on HCI Group
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.
Further Reading
- Five stocks we like better than HCI Group
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
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.
