Kestra Private Wealth Services LLC Buys Shares of 3,134 HCI Group, Inc. $HCI

Kestra Private Wealth Services LLC bought a new stake in shares of HCI Group, Inc. (NYSE:HCI) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,134 shares of the insurance provider’s stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HCI. Vanguard Group Inc. grew its position in shares of HCI Group by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock valued at $160,947,000 after purchasing an additional 32,167 shares during the last quarter. State Street Corp raised its position in shares of HCI Group by 4.7% during the 4th quarter. State Street Corp now owns 384,788 shares of the insurance provider’s stock worth $73,760,000 after purchasing an additional 17,299 shares during the last quarter. Wellington Management Group LLP lifted its stake in HCI Group by 16.7% in the 3rd quarter. Wellington Management Group LLP now owns 352,935 shares of the insurance provider’s stock valued at $67,739,000 after buying an additional 50,378 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in HCI Group by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 318,536 shares of the insurance provider’s stock valued at $61,060,000 after buying an additional 22,261 shares in the last quarter. Finally, Freestone Grove Partners LP lifted its stake in HCI Group by 353.6% in the 4th quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider’s stock valued at $52,735,000 after buying an additional 214,464 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Price Performance

Shares of NYSE:HCI opened at $182.30 on Friday. The company has a market cap of $2.33 billion, a P/E ratio of 8.00 and a beta of 1.03. 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 52 week low of $136.37 and a 52 week high of $210.50. The business has a fifty day simple moving average of $160.53 and a 200-day simple moving average of $164.24.

HCI Group (NYSE:HCI) last released its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share 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 for the quarter, compared to the consensus estimate of $245.09 million. Equities research analysts forecast that HCI Group, Inc. will post 18.07 EPS for the current year.

HCI Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. HCI Group’s dividend payout ratio is currently 7.02%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HCI shares. 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 downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen lowered 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 issued a Hold rating to the company. According to data from MarketBeat, the stock currently 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.