GSA Capital Partners LLP Buys New Holdings in HCI Group, Inc. $HCI

GSA Capital Partners LLP purchased a new position in HCI Group, Inc. (NYSE:HCI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,962 shares of the insurance provider’s stock, valued at approximately $870,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of HCI Group by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock worth $160,947,000 after acquiring an additional 32,167 shares during the period. Intech Investment Management LLC lifted its position in HCI Group by 934.5% during the fourth 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. Y Intercept Hong Kong Ltd acquired a new position in HCI Group during the first quarter valued at $2,302,000. Thrivent Financial for Lutherans boosted its holdings in HCI Group by 642.7% in the fourth 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 last quarter. Finally, Precision Wealth Strategies LLC acquired a new stake in HCI Group during the 1st quarter worth about $934,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Stock Performance

NYSE HCI opened at $184.84 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s 50 day simple moving average is $176.94 and its 200-day simple moving average is $164.38. The company has a market cap of $2.30 billion, a PE ratio of 7.97 and a beta of 1.04. HCI Group, Inc. has a 1-year low of $144.75 and a 1-year high of $210.50.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $5.60 EPS for the quarter, topping the consensus estimate of $5.04 by $0.56. The firm had revenue of $246.65 million during the quarter, compared to analysts’ expectations of $247.43 million. HCI Group had a return on equity of 28.80% and a net margin of 32.60%. As a group, equities research analysts anticipate that HCI Group, Inc. will post 19.47 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. HCI Group’s dividend payout ratio is presently 6.90%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HCI shares. Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Citizens Jmp raised their target price on HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a report on Friday, August 7th. Weiss Ratings cut HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald initiated coverage on HCI Group in a report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 price target for the company. Finally, Citigroup restated a “market outperform” rating on shares of HCI Group in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $241.67.

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.