Intech Investment Management LLC Grows Position in HCI Group, Inc. $HCI

Intech Investment Management LLC raised its position in shares of HCI Group, Inc. (NYSE:HCI) by 934.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,257 shares of the insurance provider’s stock after purchasing an additional 39,979 shares during the quarter. Intech Investment Management LLC’s holdings in HCI Group were worth $8,484,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Torren Management LLC purchased a new position in HCI Group during the 4th quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in HCI Group by 62.8% during the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after buying an additional 71 shares in the last quarter. Aster Capital Management DIFC Ltd grew its holdings 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 valued at $44,000 after buying an additional 200 shares in the last quarter. Finally, Westside Investment Management Inc. grew its holdings in HCI Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the insurance provider’s stock valued at $47,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

HCI has been the subject of several research analyst reports. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Wall Street Zen cut HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Weiss Ratings upgraded HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $245.00.

HCI Group Price Performance

HCI Group stock opened at $153.99 on Friday. The firm has a 50-day moving average price of $154.54 and a 200-day moving average price of $166.28. The firm has a market capitalization of $1.97 billion, a PE ratio of 6.76 and a beta of 1.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. HCI Group, Inc. has a 12-month low of $136.37 and a 12-month high of $210.50.

HCI Group (NYSE:HCI) last released its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.26 by $0.19. The firm had revenue of $242.88 million during the quarter, compared to analyst estimates of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. As a group, equities research analysts forecast that HCI Group, Inc. will post 17.82 EPS for the current year.

HCI Group Announces Dividend

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

HCI Group 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.