Janus Henderson Group PLC reduced its position in shares of HCI Group, Inc. (NYSE:HCI – Free Report) by 64.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,071 shares of the insurance provider’s stock after selling 36,003 shares during the quarter. Janus Henderson Group PLC’s holdings in HCI Group were worth $3,104,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of HCI Group by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after buying an additional 71 shares during the last quarter. NDVR Inc. increased its position in HCI Group by 7.0% during the fourth quarter. NDVR Inc. now owns 1,236 shares of the insurance provider’s stock worth $237,000 after acquiring an additional 81 shares during the period. Captrust Financial Advisors increased its position in HCI Group by 2.0% during the fourth quarter. Captrust Financial Advisors now owns 4,711 shares of the insurance provider’s stock worth $903,000 after acquiring an additional 91 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in HCI Group by 2.0% during 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 raised its stake in HCI Group by 1.6% during 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 during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.
HCI Group News Summary
Here are the key news stories impacting HCI Group this week:
- Positive Sentiment: HCI reported second-quarter earnings of $5.60 per share, exceeding analyst estimates of $5.04 and rising from $5.18 a year earlier. The company also posted a 30.88% return on equity and a 32.64% net margin, highlighting strong profitability. HCI Group Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: The company outlined more than $10 million in expected quarterly reinsurance savings as GEICO begins selling a new product. If realized, the savings could lower HCI’s insurance costs and improve future earnings. HCI outlines over $10M per quarter reinsurance savings
- Positive Sentiment: Citizens JMP raised its HCI price target from $255 to $265 and maintained a “market outperform” rating, signaling continued analyst confidence in the company’s outlook. Benzinga analyst price target report
- Neutral Sentiment: Second-quarter revenue was $246.65 million. While earnings exceeded expectations, revenue was slightly below the $247.43 million consensus estimate, making the results stronger on profitability than on sales growth. HCI Group Q2 Earnings Snapshot
Analyst Ratings Changes
View Our Latest Report on HCI Group
HCI Group Trading Up 4.2%
Shares of HCI stock opened at $188.51 on Friday. HCI Group, Inc. has a 52-week low of $137.81 and a 52-week high of $210.50. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 8.13 and a beta of 1.04. 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 firm has a fifty day moving average of $172.58 and a 200-day moving average of $163.32.
HCI Group (NYSE:HCI – Get Free Report) last issued 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. The business had revenue of $246.65 million for the quarter, compared to analyst estimates of $247.43 million. HCI Group had a net margin of 32.60% and a return on equity of 29.68%. On average, equities research analysts forecast that HCI Group, Inc. will post 18.29 earnings per share for the current fiscal year.
HCI Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, August 21st. HCI Group’s dividend payout ratio (DPR) is 7.02%.
About HCI Group
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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