Precision Wealth Strategies LLC Makes New $934,000 Investment in HCI Group, Inc. $HCI

Precision Wealth Strategies LLC bought a new stake in shares of HCI Group, Inc. (NYSE:HCI) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 6,038 shares of the insurance provider’s stock, valued at approximately $934,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HCI. Royal Bank of Canada lifted its stake in shares of HCI Group by 5.5% in the 1st quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock valued at $2,093,000 after purchasing an additional 727 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of HCI Group by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock worth $736,000 after purchasing an additional 228 shares during the period. Millennium Management LLC grew its stake in shares of HCI Group by 78.7% during the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock worth $15,278,000 after purchasing an additional 45,097 shares during the period. Russell Investments Group Ltd. increased its holdings in HCI Group by 115.9% in the second quarter. Russell Investments Group Ltd. now owns 1,399 shares of the insurance provider’s stock valued at $213,000 after purchasing an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 184 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HCI shares. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Weiss Ratings raised HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Cantor Fitzgerald initiated coverage on shares of HCI Group in a research report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 price target on the stock. Finally, Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $238.33.

HCI Group Stock Down 0.3%

HCI Group stock opened at $177.72 on Friday. The company has a 50 day moving average of $165.52 and a 200-day moving average of $163.48. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. HCI Group, Inc. has a twelve month low of $136.37 and a twelve month high of $210.50. The stock has a market capitalization of $2.27 billion, a PE ratio of 7.80 and a beta of 1.03.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The business had revenue of $242.88 million for the quarter, compared to analyst estimates of $245.09 million. On average, equities research analysts anticipate that HCI Group, Inc. will post 18.41 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st. HCI Group’s dividend payout ratio is 7.02%.

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.