Dynamic Technology Lab Private Ltd Makes New $1.07 Million Investment in HCI Group, Inc. $HCI

Dynamic Technology Lab Private Ltd bought a new position in shares of HCI Group, Inc. (NYSE:HCI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,044 shares of the insurance provider’s stock, valued at approximately $1,072,000. Dynamic Technology Lab Private Ltd owned approximately 0.06% of HCI Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HCI. Simplex Trading LLC purchased a new stake in HCI Group in the 1st quarter worth $148,000. Yousif Capital Management LLC grew its position in shares of HCI Group by 9.5% in the second quarter. Yousif Capital Management LLC now owns 3,450 shares of the insurance provider’s stock valued at $525,000 after purchasing an additional 298 shares during the period. Amundi increased its stake in shares of HCI Group by 8,320.5% during the first quarter. Amundi now owns 25,514 shares of the insurance provider’s stock worth $3,783,000 after purchasing an additional 25,211 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of HCI Group by 6.7% during the 1st quarter. Victory Capital Management Inc. now owns 22,897 shares of the insurance provider’s stock worth $3,417,000 after purchasing an additional 1,443 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of HCI Group by 69.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,718 shares of the insurance provider’s stock worth $555,000 after purchasing an additional 1,527 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on HCI. Truist Financial lifted their price objective on HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of HCI Group in a research note on Wednesday. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Citizens Jmp increased their price objective on HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a research note on Monday, November 10th. Finally, Oppenheimer cut shares of HCI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $230.00.

HCI Group Stock Performance

Shares of HCI Group stock opened at $172.47 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The business’s 50 day moving average price is $189.79 and its 200 day moving average price is $167.37. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 15.29 and a beta of 1.16. HCI Group, Inc. has a one year low of $106.89 and a one year high of $210.50.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, November 6th. The insurance provider reported $4.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $2.46. The business had revenue of $216.35 million during the quarter, compared to the consensus estimate of $223.53 million. HCI Group had a return on equity of 25.84% and a net margin of 18.58%. On average, research analysts predict that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. HCI Group’s payout ratio is 10.22%.

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.