Jupiter Topco LLC Purchases New Position in HCI Group, Inc. $HCI

Jupiter Topco LLC purchased a new stake in shares of HCI Group, Inc. (NYSE:HCI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,466 shares of the insurance provider’s stock, valued at approximately $958,000.

A number of other large investors have also recently made changes to their positions in HCI. BlackRock Inc. bought a new position in shares of HCI Group during the second quarter valued at approximately $323,098,000. Freestone Grove Partners LP boosted its holdings in HCI Group by 353.6% in the fourth quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider’s stock valued at $52,735,000 after acquiring an additional 214,464 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in HCI Group by 2,944.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 116,858 shares of the insurance provider’s stock valued at $18,067,000 after purchasing an additional 113,019 shares during the period. Danske Bank A S bought a new position in HCI Group in the 3rd quarter worth $19,256,000. Finally, Bank of New York Mellon Corp bought a new position in HCI Group in the 2nd quarter worth $13,805,000. 86.99% of the stock is currently owned by institutional investors.

HCI Group Stock Down 1.9%

NYSE:HCI opened at $186.35 on Friday. The firm’s 50-day moving average price is $181.80 and its 200-day moving average price is $166.69. The company has a market capitalization of $2.32 billion, a PE ratio of 8.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.69 and a quick ratio of 0.69. HCI Group, Inc. has a 1-year low of $144.75 and a 1-year high of $210.50.

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

HCI Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HCI. Citizens Jmp lifted their target price on shares of HCI Group from $255.00 to $265.00 and gave the company a “market outperform” rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings lowered shares of HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Citigroup restated a “market outperform” rating on shares of HCI Group in a report on Friday, August 7th. Finally, Zacks Research downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, HCI Group currently has a consensus rating of “Moderate Buy” and a consensus 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.