Quantbot Technologies LP Buys New Shares in HCI Group, Inc. $HCI

Quantbot Technologies LP acquired a new stake in shares of HCI Group, Inc. (NYSE:HCI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,622 shares of the insurance provider’s stock, valued at approximately $2,037,000. Quantbot Technologies LP owned 0.09% of HCI Group at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of HCI Group by 5.5% in the 1st quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock worth $2,093,000 after acquiring an additional 727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of HCI Group by 4.8% in the first 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 during the last quarter. Millennium Management LLC raised its stake in shares of HCI Group by 78.7% in the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock worth $15,278,000 after purchasing an additional 45,097 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of HCI Group by 115.9% in the second 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 in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of HCI Group by 557.6% in 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 in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

HCI Group Stock Performance

HCI stock opened at $185.19 on Tuesday. The firm has a market cap of $2.30 billion, a PE ratio of 7.98 and a beta of 1.04. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $178.65 and a 200-day moving average of $165.09. HCI Group, Inc. has a 12-month low of $144.75 and a 12-month high of $210.50.

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

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. HCI Group’s dividend payout ratio (DPR) is currently 6.90%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HCI shares. Weiss Ratings downgraded HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Citizens Jmp upped their target price 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. Finally, Citigroup reiterated a “market outperform” rating on shares of HCI Group in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.67.

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.