Inspire Investing LLC Buys 4,024 Shares of HCI Group, Inc. $HCI

Inspire Investing LLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI) by 59.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 10,792 shares of the insurance provider’s stock after acquiring an additional 4,024 shares during the quarter. Inspire Investing LLC’s holdings in HCI Group were worth $1,669,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Torren Management LLC acquired a new stake in HCI Group during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its position in shares of HCI Group by 519.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 135 shares during the period. Farther Finance Advisors LLC lifted its position in shares of HCI Group by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 71 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 184 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of HCI Group by 645.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 231 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings upgraded HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. 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. Finally, Zacks Research downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.00.

HCI Group Price Performance

HCI Group stock opened at $175.43 on Wednesday. The business has a 50 day simple moving average of $158.87 and a 200 day simple moving average of $164.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $2.24 billion, a PE ratio of 7.70 and a beta of 1.08. HCI Group, Inc. has a one year low of $136.37 and a one year high of $210.50.

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

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, May 15th. HCI Group’s payout ratio is currently 7.02%.

HCI Group Profile

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.