Jupiter Topco LLC Invests $958,000 in HCI Group, Inc. $HCI

Jupiter Topco LLC bought a new position in HCI Group, Inc. (NYSE:HCI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,466 shares of the insurance provider’s stock, valued at approximately $958,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in 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 purchasing an additional 727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of HCI Group by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock worth $736,000 after purchasing an additional 228 shares in the last quarter. Millennium Management LLC increased its position in shares of HCI Group by 78.7% during the 1st quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock valued at $15,278,000 after purchasing an additional 45,097 shares during the last quarter. Russell Investments Group Ltd. increased its position 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 purchasing an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised 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 valued at $33,000 after buying an additional 184 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HCI shares. Cantor Fitzgerald initiated coverage on HCI Group in a research report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 target price for the company. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Citizens Jmp lifted their price target on shares of HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of HCI Group in a report on Friday, August 7th. Finally, Weiss Ratings lowered shares of HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.67.

HCI Group Stock Performance

Shares of HCI stock opened at $186.35 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69. HCI Group, Inc. has a fifty-two week low of $144.75 and a fifty-two week high of $210.50. The stock has a 50 day moving average price of $181.80 and a two-hundred day moving average price of $166.69. The company has a market capitalization of $2.32 billion, a P/E ratio of 8.03 and a beta of 1.03.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.04 by $0.56. HCI Group had a return on equity of 28.80% and a net margin of 32.60%.The firm had revenue of $246.65 million during the quarter, compared to analyst estimates of $247.43 million. Analysts expect that HCI Group, Inc. will post 19.47 earnings per share for the current year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. HCI Group’s dividend payout ratio (DPR) is 6.90%.

HCI Group Company 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.