FJ Capital Management LLC Has $3.65 Million Position in HCI Group, Inc. $HCI

FJ Capital Management LLC reduced its position in shares of HCI Group, Inc. (NYSE:HCI) by 35.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,019 shares of the insurance provider’s stock after selling 10,548 shares during the quarter. FJ Capital Management LLC owned 0.15% of HCI Group worth $3,646,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in HCI Group by 62.8% during the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 71 shares during the period. NDVR Inc. raised its stake in HCI Group by 7.0% during the 4th quarter. NDVR Inc. now owns 1,236 shares of the insurance provider’s stock valued at $237,000 after purchasing an additional 81 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 period. EverSource Wealth Advisors LLC raised its stake in HCI Group by 48.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 322 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 105 shares during the period. Finally, Transamerica Financial Advisors LLC raised its stake in HCI Group by 519.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 135 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HCI shares. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings raised shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Zacks Research cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $245.00.

HCI Group Trading Down 1.2%

Shares of NYSE:HCI opened at $160.25 on Friday. The stock has a market capitalization of $2.05 billion, a PE ratio of 7.03 and a beta of 1.08. HCI Group, Inc. has a 1 year low of $136.37 and a 1 year high of $210.50. The firm has a fifty day moving average price of $155.01 and a 200 day moving average price of $164.64. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.26 by $0.19. The firm had revenue of $242.88 million during the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. Analysts expect that HCI Group, Inc. will post 18.07 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 15th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. HCI Group’s dividend payout ratio is currently 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.