Quantbot Technologies LP Boosts Stake in HCI Group, Inc. (NYSE:HCI)

Quantbot Technologies LP raised its holdings in HCI Group, Inc. (NYSE:HCI) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,932 shares of the insurance provider’s stock after acquiring an additional 386 shares during the period. Quantbot Technologies LP’s holdings in HCI Group were worth $1,041,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HCI. New York State Teachers Retirement System lifted its stake in HCI Group by 1.0% during 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 lifted its position in 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 boosted its stake in HCI Group by 75.0% in the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after buying an additional 213 shares in the last quarter. Rhumbline Advisers grew its position in HCI Group by 1.1% during the fourth quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider’s stock valued at $2,600,000 after acquiring an additional 232 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of HCI Group by 1.6% during 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 in the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Price Performance

HCI opened at $140.27 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s 50 day simple moving average is $127.00 and its 200 day simple moving average is $117.39. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 11.72 and a beta of 1.14. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $142.37.

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

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, February 21st. HCI Group’s payout ratio is 18.18%.

Wall Street Analyst Weigh In

Separately, Truist Financial reaffirmed a “buy” rating and issued a $145.00 price objective on shares of HCI Group in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock 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.