HCI Group, Inc. (NYSE:HCI) Holdings Raised by Royce & Associates LP

Royce & Associates LP grew its stake in shares of HCI Group, Inc. (NYSE:HCI) by 64.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,560 shares of the insurance provider’s stock after acquiring an additional 3,755 shares during the period. Royce & Associates LP’s holdings in HCI Group were worth $1,114,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Two Sigma Advisers LP boosted its position in HCI Group by 196.5% during the third quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider’s stock valued at $16,252,000 after purchasing an additional 100,600 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of HCI Group by 58.3% during the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider’s stock worth $15,710,000 after purchasing an additional 54,050 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of HCI Group by 28.7% during the 3rd quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider’s stock valued at $23,538,000 after buying an additional 48,969 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of HCI Group by 167.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 73,576 shares of the insurance provider’s stock valued at $7,877,000 after buying an additional 46,057 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in HCI Group by 80.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider’s stock worth $11,781,000 after buying an additional 45,920 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

HCI Group Stock Performance

HCI opened at $136.44 on Friday. The stock has a 50-day moving average of $126.00 and a 200-day moving average of $116.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. HCI Group, Inc. has a 52-week low of $83.65 and a 52-week high of $141.21. The company has a market cap of $1.47 billion, a PE ratio of 11.40 and a beta of 1.14.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The firm had revenue of $161.88 million during the quarter, compared to analysts’ expectations of $175.11 million. As a group, equities research analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were issued a $0.40 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.60 annualized dividend and a yield of 1.17%. HCI Group’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reiterated a “buy” rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, HCI Group currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.