Brandywine Global Investment Management LLC Invests $2.48 Million in HCI Group, Inc. (NYSE:HCI)

Brandywine Global Investment Management LLC purchased a new position in HCI Group, Inc. (NYSE:HCI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,313 shares of the insurance provider's stock, valued at approximately $2,484,000. Brandywine Global Investment Management LLC owned about 0.20% of HCI Group as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Point72 DIFC Ltd increased its stake in shares of HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider's stock valued at $53,000 after acquiring an additional 213 shares during the last quarter. GAMMA Investing LLC grew its holdings in HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock valued at $60,000 after purchasing an additional 113 shares during the period. KLP Kapitalforvaltning AS acquired a new position in HCI Group during the fourth quarter valued at approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in HCI Group in the fourth quarter valued at approximately $211,000. Finally, Clare Market Investments LLC acquired a new stake in HCI Group in the fourth quarter worth $296,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial restated a "buy" rating and issued a $145.00 price objective 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.00.

HCI Group Stock Up 1.2 %

HCI traded up $1.59 during trading on Monday, reaching $138.66. The company had a trading volume of 219,995 shares, compared to its average volume of 139,686. The company has a market cap of $1.49 billion, a P/E ratio of 11.58 and a beta of 1.12. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $151.88. 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 business's fifty day moving average price is $131.12 and its 200 day moving average price is $120.20.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, topping analysts' consensus estimates of ($2.75) by $3.06. The business had revenue of $161.88 million for the quarter, compared to analyst estimates of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Equities analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. HCI Group's dividend payout ratio is currently 18.18%.

HCI Group Profile

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.