6,982 Shares in HCI Group, Inc. $HCI Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of HCI Group, Inc. (NYSE:HCI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,982 shares of the insurance provider’s stock, valued at approximately $1,340,000. Quantbot Technologies LP owned about 0.05% of HCI Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HCI. Aster Capital Management DIFC Ltd boosted its position in HCI Group by 645.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 231 shares of the insurance provider’s stock valued at $44,000 after buying an additional 200 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of HCI Group by 48.4% during the third quarter. EverSource Wealth Advisors LLC now owns 322 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 105 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of HCI Group by 13.5% in the third quarter. Axxcess Wealth Management LLC now owns 11,128 shares of the insurance provider’s stock valued at $2,136,000 after purchasing an additional 1,320 shares during the period. Vanguard Group Inc. grew its stake in HCI Group by 15.1% in the third quarter. Vanguard Group Inc. now owns 807,454 shares of the insurance provider’s stock worth $154,975,000 after purchasing an additional 105,925 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. grew its stake in HCI Group by 7.8% in the third quarter. Cookson Peirce & Co. Inc. now owns 4,939 shares of the insurance provider’s stock worth $948,000 after purchasing an additional 359 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HCI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of HCI Group in a research report on Monday, December 29th. Oppenheimer cut shares of HCI Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th. Citizens Jmp raised their target price on shares of HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a research report on Monday, November 10th. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Truist Financial increased their price objective on shares of HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $231.67.

HCI Group Stock Down 1.3%

Shares of HCI Group stock opened at $172.07 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.24 billion, a P/E ratio of 7.59 and a beta of 1.19. The firm’s 50 day moving average price is $168.65 and its 200-day moving average price is $178.08. HCI Group, Inc. has a 52-week low of $129.58 and a 52-week high of $210.50.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.87 by $2.38. HCI Group had a net margin of 33.19% and a return on equity of 36.34%. The business had revenue of $246.24 million for the quarter, compared to analyst estimates of $232.36 million. On average, sell-side analysts predict that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 20th. HCI Group’s dividend payout ratio (DPR) is currently 7.05%.

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.