Intech Investment Management LLC Boosts Holdings in HCI Group, Inc. $HCI

Intech Investment Management LLC increased its holdings in HCI Group, Inc. (NYSE:HCI) by 934.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,257 shares of the insurance provider’s stock after buying an additional 39,979 shares during the quarter. Intech Investment Management LLC owned 0.34% of HCI Group worth $8,484,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada increased its position in HCI Group by 5.5% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of HCI Group by 4.8% in 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 period. Millennium Management LLC raised its stake in shares of HCI Group by 78.7% in 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 period. Russell Investments Group Ltd. grew its stake in shares of HCI Group by 115.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,399 shares of the insurance provider’s stock valued at $213,000 after acquiring an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings raised shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $245.00.

HCI Group Stock Performance

NYSE:HCI opened at $153.99 on Friday. 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, Inc. has a 12-month low of $136.37 and a 12-month high of $210.50. The stock has a 50-day moving average price of $154.54 and a 200 day moving average price of $166.28. The stock has a market capitalization of $1.97 billion, a P/E ratio of 6.76 and a beta of 1.09.

HCI Group (NYSE:HCI) last released its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $245.09 million. Equities research analysts forecast that HCI Group, Inc. will post 17.82 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 15th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. 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.