Victory Capital Management Inc. Has $411,000 Position in HCI Group Inc. (HCI)
Victory Capital Management Inc. continued to hold its stake in shares of HCI Group Inc. (NYSE:HCI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,060 shares of the company’s stock at the end of the second quarter. Victory Capital Management Inc. owned 0.14% of HCI Group worth $411,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in HCI. Princeton Alpha Management LP increased its stake in shares of HCI Group by 34.7% in the second quarter. Princeton Alpha Management LP now owns 8,848 shares of the company’s stock valued at $241,000 after buying an additional 2,278 shares during the period. GSA Capital Partners LLP increased its stake in shares of HCI Group by 45.5% in the second quarter. GSA Capital Partners LLP now owns 26,308 shares of the company’s stock valued at $718,000 after buying an additional 8,225 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of HCI Group during the second quarter valued at about $1,042,000. Societe Generale purchased a new stake in shares of HCI Group during the second quarter valued at about $377,000. Finally, Bank of Montreal Can purchased a new stake in shares of HCI Group during the second quarter valued at about $2,135,000. 66.58% of the stock is currently owned by institutional investors.
HCI Group Inc. (NYSE:HCI) traded up 0.36% during trading on Friday, hitting $30.36. 60,518 shares of the stock were exchanged. The stock has a 50 day moving average price of $31.18 and a 200-day moving average price of $30.83. HCI Group Inc. has a 12-month low of $26.43 and a 12-month high of $45.50. The firm has a market capitalization of $315.38 million, a PE ratio of 9.75 and a beta of 1.93.
HCI Group (NYSE:HCI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by $0.34. HCI Group had a net margin of 12.77% and a return on equity of 13.37%. The business earned $61.52 million during the quarter, compared to the consensus estimate of $64.86 million. During the same period in the previous year, the business posted $1.93 earnings per share. HCI Group’s revenue was down 22.2% compared to the same quarter last year. On average, equities research analysts anticipate that HCI Group Inc. will post $2.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 19th were paid a $0.30 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $1.20 dividend on an annualized basis and a yield of 3.95%. HCI Group’s payout ratio is presently 39.09%.
Separately, JMP Securities dropped their price target on shares of HCI Group from $40.00 to $38.00 and set a “market outperform” rating on the stock in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $45.50.
About HCI Group
HCI Group, Inc (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations.
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