Integrated Quantitative Investments LLC Makes New $281,000 Investment in HCI Group, Inc. (NYSE:HCI)

Integrated Quantitative Investments LLC bought a new position in shares of HCI Group, Inc. (NYSE:HCI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,413 shares of the insurance provider’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. New York State Teachers Retirement System boosted its position in HCI Group by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider’s stock worth $1,223,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of HCI Group by 28.4% in the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock worth $60,000 after buying an additional 113 shares during the last quarter. Point72 DIFC Ltd grew its position in HCI Group by 75.0% during the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock valued at $53,000 after buying an additional 213 shares during the period. Rhumbline Advisers increased its holdings in HCI Group by 1.1% during the fourth quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider’s stock worth $2,600,000 after buying an additional 232 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in HCI Group by 1.6% in the third quarter. BNP Paribas Financial Markets now owns 21,518 shares of the insurance provider’s stock worth $2,304,000 after acquiring an additional 343 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Price Performance

NYSE HCI opened at $136.74 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.47 billion, a PE ratio of 11.42 and a beta of 1.14. HCI Group, Inc. has a 52 week low of $83.65 and a 52 week high of $151.88. The firm’s 50-day simple moving average is $130.79 and its two-hundred day simple moving average is $119.88.

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

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group’s payout ratio is currently 18.18%.

Analysts Set New Price Targets

Separately, Truist Financial reissued a “buy” rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.