Clare Market Investments LLC Takes Position in HCI Group, Inc. (NYSE:HCI)

Clare Market Investments LLC purchased a new position in HCI Group, Inc. (NYSE:HCI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,540 shares of the insurance provider's stock, valued at approximately $296,000.

A number of other large investors also recently bought and sold shares of HCI. Point72 DIFC Ltd raised its holdings in shares of HCI Group by 75.0% during the third 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 raised its holdings in shares of 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 acquiring an additional 113 shares during the last quarter. Amalgamated Bank raised its holdings in shares of HCI Group by 10.3% during the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider's stock valued at $258,000 after acquiring an additional 225 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of HCI Group during the fourth quarter valued at approximately $311,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of HCI Group during the third quarter valued at approximately $370,000. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Trading Up 1.0 %

HCI Group stock traded up $1.41 during mid-day trading on Friday, hitting $138.46. The company's stock had a trading volume of 168,168 shares, compared to its average volume of 136,919. The firm has a market capitalization of $1.49 billion, a PE ratio of 11.57 and a beta of 1.14. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $141.21. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The stock's fifty day moving average is $123.05 and its two-hundred day moving average is $114.77.

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

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, February 21st. HCI Group's dividend payout ratio (DPR) is 18.18%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial restated a "buy" rating and issued a $145.00 price target 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.