HCI Group, Inc. $HCI Holdings Raised by Moran Wealth Management LLC

Moran Wealth Management LLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI) by 120.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,898 shares of the insurance provider’s stock after buying an additional 17,461 shares during the period. Moran Wealth Management LLC’s holdings in HCI Group were worth $4,932,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HCI. Torren Management LLC purchased a new position in shares of HCI Group during the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC raised its holdings in shares of HCI Group by 519.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 135 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of HCI Group by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 71 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in HCI Group by 557.6% during 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 during the last quarter. Finally, Optima Capital LLC acquired a new stake in HCI Group during the fourth quarter valued at $78,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Performance

Shares of HCI opened at $182.30 on Friday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 8.00 and a beta of 1.03. The company’s fifty day moving average is $160.53 and its 200-day moving average is $164.24. The company has a quick ratio of 0.82, a current 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.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.26 by $0.19. The business had revenue of $242.88 million during the quarter, compared to analyst estimates of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. Equities analysts expect that HCI Group, Inc. will post 18.07 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 15th were paid a dividend of $0.40 per share. 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 dividend payout ratio is 7.02%.

Analyst Ratings Changes

HCI has been the topic of several research reports. Weiss Ratings raised HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Zacks Research lowered HCI Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen cut HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, HCI Group presently has a consensus rating of “Moderate Buy” and an average price target of $245.00.

About HCI Group

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.