HCI Group, Inc. $HCI Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC raised its stake in HCI Group, Inc. (NYSE:HCI) by 120.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,898 shares of the insurance provider’s stock after buying an additional 17,461 shares during the period. Moran Wealth Management LLC owned approximately 0.25% of HCI Group worth $4,932,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HCI. Vanguard Group Inc. raised its position in shares of HCI Group by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock worth $160,947,000 after purchasing an additional 32,167 shares during the period. Assetmark Inc. lifted its holdings in shares of HCI Group by 10.4% during the fourth quarter. Assetmark Inc. now owns 35,806 shares of the insurance provider’s stock valued at $6,864,000 after purchasing an additional 3,380 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of HCI Group by 642.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 67,460 shares of the insurance provider’s stock valued at $12,931,000 after purchasing an additional 58,377 shares during the period. Intech Investment Management LLC boosted its position in shares of HCI Group by 934.5% in the 4th quarter. Intech Investment Management LLC now owns 44,257 shares of the insurance provider’s stock valued at $8,484,000 after purchasing an additional 39,979 shares during the period. Finally, Ellsworth Advisors LLC purchased a new position in HCI Group in the 4th quarter worth about $773,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Price Performance

HCI opened at $182.30 on Friday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 8.00 and a beta of 1.03. The stock has a fifty day moving average of $160.53 and a 200-day moving average of $164.24. 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 12-month low of $136.37 and a 12-month high of $210.50.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. The business had revenue of $242.88 million for the quarter, compared to the consensus estimate of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. Equities analysts forecast that HCI Group, Inc. will post 18.07 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 15th. HCI Group’s payout ratio is 7.02%.

Wall Street Analyst Weigh In

HCI has been the topic of several recent analyst reports. Weiss Ratings upgraded HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Zacks Research downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, HCI Group has a consensus rating of “Moderate Buy” and an average target price of $245.00.

About HCI Group

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.