Sierra Summit Advisors LLC Acquires Shares of 3,490 HCI Group, Inc. $HCI

Sierra Summit Advisors LLC acquired a new stake in HCI Group, Inc. (NYSE:HCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,490 shares of the insurance provider’s stock, valued at approximately $669,000.

Other institutional investors also recently bought and sold shares of the company. Torren Management LLC acquired a new position in HCI Group in the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC increased its position in HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 184 shares during the period. Farther Finance Advisors LLC increased its position in HCI Group by 62.8% during the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 71 shares during the period. Aster Capital Management DIFC Ltd increased its position in HCI Group by 645.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 231 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 200 shares during the period. Finally, Westside Investment Management Inc. increased its position in HCI Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 126 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on HCI. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Wall Street Zen cut HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $231.67.

HCI Group Stock Performance

NYSE:HCI opened at $158.51 on Friday. 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 fifty-two week low of $136.37 and a fifty-two week high of $210.50. The stock has a market cap of $2.02 billion, a PE ratio of 6.96 and a beta of 1.09. The firm’s fifty day simple moving average is $155.24 and its 200-day simple moving average is $167.78.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $5.26 by $0.19. The business had revenue of $242.88 million for the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. Analysts expect that HCI Group, Inc. will post 17.82 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 15th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. HCI Group’s dividend payout ratio is currently 7.02%.

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.