Integrated Quantitative Investments LLC Grows Holdings in HCI Group, Inc. $HCI

Integrated Quantitative Investments LLC raised its stake in HCI Group, Inc. (NYSE:HCI) by 155.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,419 shares of the insurance provider’s stock after buying an additional 4,519 shares during the period. Integrated Quantitative Investments LLC owned about 0.06% of HCI Group worth $1,129,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Global Assets Advisory LLC purchased a new position in HCI Group in the second quarter worth $46,000. USA Financial Formulas increased its position in shares of HCI Group by 250.0% during the 2nd quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 370 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of HCI Group by 825.7% during the 1st quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock valued at $97,000 after buying an additional 578 shares in the last quarter. GAMMA Investing LLC lifted its position in HCI Group by 24.5% in the 2nd quarter. GAMMA Investing LLC now owns 742 shares of the insurance provider’s stock worth $113,000 after buying an additional 146 shares during the last quarter. Finally, Simplex Trading LLC bought a new stake in HCI Group in the 1st quarter worth approximately $148,000. 86.99% of the stock is owned by institutional investors.

HCI Group Trading Down 2.2%

Shares of HCI opened at $179.66 on Friday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 15.93 and a beta of 1.16. HCI Group, Inc. has a twelve month low of $106.03 and a twelve month high of $210.50. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $190.33 and a two-hundred day simple moving average of $166.61.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, November 6th. The insurance provider reported $4.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $2.46. The firm had revenue of $216.35 million for the quarter, compared to analysts’ expectations of $223.53 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. On average, research analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 21st. HCI Group’s dividend payout ratio (DPR) is currently 10.22%.

Analyst Ratings Changes

A number of research analysts have commented on HCI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of HCI Group in a research report on Thursday. Truist Financial increased their target price on shares of HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Citizens Jmp upped their price target on shares of HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a research report on Monday, November 10th. Finally, Oppenheimer cut HCI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, HCI Group currently has a consensus rating of “Buy” and a consensus price target of $230.00.

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.