Royce & Associates LP Sells 3,866 Shares of HCI Group, Inc. $HCI

Royce & Associates LP trimmed its position in shares of HCI Group, Inc. (NYSE:HCI) by 27.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,365 shares of the insurance provider’s stock after selling 3,866 shares during the quarter. Royce & Associates LP’s holdings in HCI Group were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in HCI Group during the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC grew its stake in HCI Group by 557.6% during the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after buying an additional 184 shares during the last quarter. Farther Finance Advisors LLC grew its stake in HCI Group by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after buying an additional 71 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in HCI Group by 645.2% during the third quarter. Aster Capital Management DIFC Ltd now owns 231 shares of the insurance provider’s stock worth $44,000 after buying an additional 200 shares during the last quarter. Finally, Westside Investment Management Inc. grew its stake in HCI Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the insurance provider’s stock worth $47,000 after buying an additional 126 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Weiss Ratings raised shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, HCI Group presently has an average rating of “Buy” and an average price target of $245.00.

HCI Group Price Performance

HCI opened at $153.99 on Friday. HCI Group, Inc. has a one year low of $136.37 and a one year high of $210.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $154.54 and its 200-day simple moving average is $166.28. The stock has a market capitalization of $1.97 billion, a P/E ratio of 6.76 and a beta of 1.09.

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

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. HCI Group’s dividend payout ratio is 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.