Tweedy Browne Co LLC Purchases 4,634 Shares of HCI Group, Inc. $HCI

Tweedy Browne Co LLC boosted its position in HCI Group, Inc. (NYSE:HCI) by 97.4% in the third quarter, Holdings Channel.com reports. The firm owned 9,394 shares of the insurance provider’s stock after purchasing an additional 4,634 shares during the quarter. Tweedy Browne Co LLC’s holdings in HCI Group were worth $1,803,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Marshall Wace LLP boosted its stake in shares of HCI Group by 107.3% during the second quarter. Marshall Wace LLP now owns 158,224 shares of the insurance provider’s stock valued at $24,082,000 after purchasing an additional 81,884 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of HCI Group by 175.0% during the third quarter. Envestnet Asset Management Inc. now owns 13,985 shares of the insurance provider’s stock worth $2,684,000 after purchasing an additional 8,899 shares during the last quarter. American Century Companies Inc. increased its stake in shares of HCI Group by 15.2% in the second quarter. American Century Companies Inc. now owns 521,641 shares of the insurance provider’s stock valued at $79,394,000 after buying an additional 68,860 shares during the period. Sierra Summit Advisors LLC acquired a new position in shares of HCI Group in the second quarter valued at approximately $675,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in HCI Group by 20.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 36,235 shares of the insurance provider’s stock valued at $5,515,000 after buying an additional 6,090 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

HCI Group Price Performance

Shares of HCI opened at $161.19 on Wednesday. The business has a 50-day moving average of $164.94 and a 200-day moving average of $178.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 7.11 and a beta of 1.19. HCI Group, Inc. has a 1 year low of $129.58 and a 1 year high of $210.50.

HCI Group (NYSE:HCI) last announced its earnings results on Wednesday, February 25th. The insurance provider reported $7.25 EPS for the quarter, beating the consensus estimate of $4.87 by $2.38. The business had revenue of $246.24 million for the quarter, compared to analysts’ expectations of $232.36 million. HCI Group had a return on equity of 36.34% and a net margin of 33.19%. As a group, equities research analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, February 20th. HCI Group’s dividend payout ratio is currently 7.05%.

Analyst Ratings Changes

HCI has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of HCI Group in a report on Monday, December 29th. Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a research note on Friday, January 16th. Finally, Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. One 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’s stock. According to MarketBeat.com, HCI Group has a consensus rating of “Buy” and an average price target of $231.67.

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.