LSV Asset Management raised its position in HCI Group, Inc. (NYSE:HCI) by 40.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 549,934 shares of the insurance provider’s stock after acquiring an additional 158,380 shares during the quarter. LSV Asset Management owned approximately 5.51% of HCI Group worth $25,835,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of HCI. Capstone Asset Management Co. bought a new position in HCI Group in the first quarter valued at about $222,000. Nationwide Fund Advisors lifted its holdings in HCI Group by 2.8% in the first quarter. Nationwide Fund Advisors now owns 6,609 shares of the insurance provider’s stock valued at $301,000 after acquiring an additional 181 shares during the period. Russell Investments Group Ltd. lifted its holdings in HCI Group by 192.8% in the first quarter. Russell Investments Group Ltd. now owns 6,589 shares of the insurance provider’s stock valued at $300,000 after acquiring an additional 4,339 shares during the period. Great West Life Assurance Co. Can lifted its holdings in HCI Group by 10.2% in the first quarter. Great West Life Assurance Co. Can now owns 10,961 shares of the insurance provider’s stock valued at $499,000 after acquiring an additional 1,019 shares during the period. Finally, Comerica Bank lifted its holdings in HCI Group by 4.4% in the first quarter. Comerica Bank now owns 9,445 shares of the insurance provider’s stock valued at $455,000 after acquiring an additional 400 shares during the period. 71.47% of the stock is currently owned by institutional investors.
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HCI Group, Inc. (NYSE:HCI) opened at 36.15 on Tuesday. The firm has a 50-day moving average price of $40.55 and a 200-day moving average price of $44.71. HCI Group, Inc. has a 12-month low of $24.35 and a 12-month high of $50.93. The company has a market cap of $360.99 million, a P/E ratio of 9.95 and a beta of 2.37.
HCI Group (NYSE:HCI) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The business had revenue of $67.58 million during the quarter, compared to analysts’ expectations of $64.33 million. HCI Group had a return on equity of 15.65% and a net margin of 13.52%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, analysts forecast that HCI Group, Inc. will post $3.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.87%. HCI Group’s dividend payout ratio (DPR) is presently 38.36%.
A number of research analysts have weighed in on HCI shares. ValuEngine raised HCI Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research raised HCI Group from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, June 7th. SunTrust Banks, Inc. started coverage on HCI Group in a report on Tuesday, July 4th. They issued a “buy” rating and a $52.00 target price on the stock. Keefe, Bruyette & Woods reissued a “hold” rating on shares of HCI Group in a report on Monday, May 15th. Finally, BidaskClub downgraded HCI Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.75.
HCI Group Company Profile
HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.
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