Charles Schwab Investment Management Inc. Grows Holdings in HCI Group, Inc. (NYSE:HCI)

Charles Schwab Investment Management Inc. grew its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,391 shares of the insurance provider's stock after purchasing an additional 3,815 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.73% of HCI Group worth $9,018,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd grew its holdings in HCI Group by 75.0% during the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider's stock valued at $53,000 after buying an additional 213 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of HCI Group by 28.4% during the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock valued at $60,000 after acquiring an additional 113 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of HCI Group in the fourth quarter valued at $311,000. Precision Wealth Strategies LLC bought a new stake in HCI Group in the fourth quarter worth $432,000. Finally, Captrust Financial Advisors purchased a new stake in HCI Group during the third quarter valued at $478,000. 86.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial reissued 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $140.00.

HCI Group Trading Up 3.4 %

Shares of NYSE HCI traded up $4.74 during trading hours on Wednesday, hitting $145.21. 179,167 shares of the company traded hands, compared to its average volume of 132,549. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.13 and a beta of 1.14. The company's 50 day moving average price is $127.00 and its 200 day moving average price is $117.39. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $145.34. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of ($2.75) by $3.06. The business 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%. On average, equities research analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, February 21st. HCI Group's dividend payout ratio (DPR) is currently 18.18%.

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.