HCI Group, Inc. (NYSE:HCI) Shares Acquired by Royce & Associates LP

Royce & Associates LP grew its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 64.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,560 shares of the insurance provider’s stock after acquiring an additional 3,755 shares during the period. Royce & Associates LP owned about 0.09% of HCI Group worth $1,114,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Two Sigma Advisers LP increased its position in HCI Group by 196.5% in the third quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider’s stock worth $16,252,000 after buying an additional 100,600 shares during the period. Wellington Management Group LLP grew its position in HCI Group by 58.3% in the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider’s stock worth $15,710,000 after purchasing an additional 54,050 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of HCI Group by 28.7% during the third quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider’s stock worth $23,538,000 after buying an additional 48,969 shares during the period. Charles Schwab Investment Management Inc. raised its stake in HCI Group by 167.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 73,576 shares of the insurance provider’s stock valued at $7,877,000 after acquiring an additional 46,057 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of HCI Group by 80.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider’s stock valued at $11,781,000 after purchasing an additional 45,920 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial reiterated a “buy” rating and issued a $145.00 price target on shares of HCI Group in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, HCI Group currently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

HCI Group Trading Down 0.5 %

NYSE:HCI opened at $136.44 on Friday. The stock has a fifty day simple moving average of $126.00 and a 200 day simple moving average of $116.52. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 11.40 and a beta of 1.14. HCI Group, Inc. has a 1-year low of $83.65 and a 1-year high of $141.21. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of ($2.75) by $3.06. The firm had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Sell-side analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.17%. HCI Group’s payout ratio is presently 18.18%.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.