Odyssean LLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI – Free Report) by 112.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,528 shares of the insurance provider’s stock after buying an additional 9,805 shares during the quarter. HCI Group comprises about 0.5% of Odyssean LLC’s investment portfolio, making the stock its 24th biggest position. Odyssean LLC owned about 0.15% of HCI Group worth $3,247,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of HCI. Farther Finance Advisors LLC lifted its position in shares of 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 acquiring an additional 71 shares in the last quarter. NDVR Inc. increased its position in HCI Group by 7.0% during the 4th quarter. NDVR Inc. now owns 1,236 shares of the insurance provider’s stock worth $237,000 after purchasing an additional 81 shares in the last quarter. Captrust Financial Advisors increased its position in HCI Group by 2.0% during the 4th quarter. Captrust Financial Advisors now owns 4,711 shares of the insurance provider’s stock worth $903,000 after purchasing an additional 91 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in HCI Group by 2.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,794 shares of the insurance provider’s stock valued at $920,000 after purchasing an additional 94 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in HCI Group by 1.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 6,011 shares of the insurance provider’s stock valued at $929,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on HCI. Weiss Ratings downgraded shares of HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Citizens Jmp boosted their price target on HCI Group from $255.00 to $265.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Zacks Research lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Citigroup restated a “market outperform” rating on shares of HCI Group in a report on Friday, August 7th. Finally, Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, HCI Group presently has an average rating of “Moderate Buy” and a consensus target price of $241.67.
HCI Group Price Performance
HCI Group stock opened at $186.35 on Friday. HCI Group, Inc. has a 52-week low of $144.75 and a 52-week high of $210.50. The firm has a fifty day moving average of $181.80 and a 200-day moving average of $166.69. The firm has a market capitalization of $2.32 billion, a P/E ratio of 8.03 and a beta of 1.03. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03.
HCI Group (NYSE:HCI – Get Free Report) last posted its earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.56. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. The business had revenue of $246.65 million for the quarter, compared to analyst estimates of $247.43 million. As a group, analysts predict that HCI Group, Inc. will post 19.47 EPS for the current year.
HCI Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. HCI Group’s dividend payout ratio is presently 6.90%.
HCI Group 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.
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