EntryPoint Capital LLC Sells 517 Shares of HCI Group, Inc. (NYSE:HCI)

EntryPoint Capital LLC lowered its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 21.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,902 shares of the insurance provider’s stock after selling 517 shares during the period. EntryPoint Capital LLC’s holdings in HCI Group were worth $222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its position in HCI Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider’s stock worth $69,603,000 after buying an additional 7,732 shares during the last quarter. State Street Corp boosted its stake in shares of HCI Group by 7.7% during the 3rd quarter. State Street Corp now owns 291,244 shares of the insurance provider’s stock worth $31,181,000 after acquiring an additional 20,910 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of HCI Group by 28.7% during the 3rd quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider’s stock valued at $23,538,000 after acquiring an additional 48,969 shares during the last quarter. American Century Companies Inc. raised its stake in shares of HCI Group by 16.3% in the 4th quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider’s stock valued at $19,631,000 after acquiring an additional 23,610 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in HCI Group by 196.5% in the 3rd quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider’s stock worth $16,252,000 after purchasing an additional 100,600 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Trading Up 1.7 %

Shares of NYSE:HCI opened at $150.68 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The stock’s 50-day moving average is $128.62 and its 200-day moving average is $118.31. The company has a market cap of $1.62 billion, a P/E ratio of 12.59 and a beta of 1.14. HCI Group, Inc. has a 52-week low of $83.65 and a 52-week high of $150.96.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, topping the consensus estimate of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The company had revenue of $161.88 million for the quarter, compared to the consensus estimate of $175.11 million. Equities research analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group’s payout ratio is currently 18.18%.

Analyst Ratings Changes

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

HCI Group Company Profile

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.