Vanguard Group Inc. Acquires 32,167 Shares of HCI Group, Inc. $HCI

Vanguard Group Inc. increased its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 839,621 shares of the insurance provider’s stock after buying an additional 32,167 shares during the period. Vanguard Group Inc. owned 0.06% of HCI Group worth $160,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HCI. Royal Bank of Canada raised its stake in shares of HCI Group by 5.5% during the first quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock worth $2,093,000 after buying an additional 727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of HCI Group by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock worth $736,000 after buying an additional 228 shares during the last quarter. Millennium Management LLC raised its stake in shares of HCI Group by 78.7% during the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock worth $15,278,000 after buying an additional 45,097 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of HCI Group by 115.9% during the second quarter. Russell Investments Group Ltd. now owns 1,399 shares of the insurance provider’s stock worth $213,000 after buying an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in HCI Group by 557.6% in the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 184 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on HCI. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings downgraded shares of HCI Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, April 21st. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Citigroup reissued a “market outperform” rating on shares of HCI Group in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $231.67.

HCI Group Stock Performance

Shares of HCI opened at $152.23 on Monday. HCI Group, Inc. has a 12 month low of $136.37 and a 12 month high of $210.50. The firm has a fifty day simple moving average of $158.30 and a 200 day simple moving average of $171.10. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.68 and a beta of 1.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI) last announced its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, topping the consensus estimate of $5.26 by $0.19. The business had revenue of $242.88 million during the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. Research analysts forecast that HCI Group, Inc. will post 17.59 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 15th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. HCI Group’s dividend payout ratio (DPR) 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.