Clare Market Investments LLC Purchases Shares of 2,540 HCI Group, Inc. (NYSE:HCI)

Clare Market Investments LLC purchased a new stake in shares of HCI Group, Inc. (NYSE:HCI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,540 shares of the insurance provider’s stock, valued at approximately $296,000.

Other hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd boosted its holdings in HCI Group by 75.0% during the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 213 shares during the period. GAMMA Investing LLC raised its position in shares of HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after buying an additional 113 shares during the last quarter. Amalgamated Bank raised its position in shares of HCI Group by 10.3% during the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock valued at $258,000 after buying an additional 225 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of HCI Group during the fourth quarter valued at about $311,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of HCI Group during the third quarter valued at about $370,000. 86.99% of the stock is currently owned by institutional investors.

HCI Group Stock Down 1.2 %

Shares of HCI opened at $134.28 on Tuesday. HCI Group, Inc. has a 52 week low of $83.65 and a 52 week high of $140.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $1.45 billion, a P/E ratio of 11.22 and a beta of 1.14. The company has a 50-day simple moving average of $121.68 and a 200-day simple moving average of $114.13.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.75) by $3.06. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The firm had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. On average, equities research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, February 21st. HCI Group’s dividend payout ratio (DPR) is presently 18.18%.

Analysts Set New Price Targets

Separately, Truist Financial reaffirmed a “buy” rating and set a $145.00 price objective on shares of HCI Group in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, HCI Group currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

HCI Group Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.