HCI Group, Inc. (NYSE:HCI) Shares Acquired by Khrom Capital Management LLC

Khrom Capital Management LLC lifted its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 796,170 shares of the insurance provider's stock after buying an additional 136,642 shares during the period. HCI Group makes up approximately 10.5% of Khrom Capital Management LLC's holdings, making the stock its 4th largest position. Khrom Capital Management LLC owned approximately 7.55% of HCI Group worth $92,778,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its holdings in shares of HCI Group by 77.3% during the third quarter. Barclays PLC now owns 15,501 shares of the insurance provider's stock worth $1,659,000 after buying an additional 6,756 shares in the last quarter. Geode Capital Management LLC lifted its holdings in HCI Group by 28.7% in the 3rd quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider's stock worth $23,538,000 after buying an additional 48,969 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in HCI Group by 16.4% in the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider's stock valued at $6,015,000 after purchasing an additional 7,914 shares during the last quarter. GAMMA Investing LLC grew its position 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 worth $60,000 after buying an additional 113 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in HCI Group by 5.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,508 shares of the insurance provider's stock worth $3,322,000 after purchasing an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Stock Performance

Shares of HCI traded down $2.77 during midday trading on Friday, hitting $140.16. 4,396 shares of the stock traded hands, compared to its average volume of 143,931. The firm has a market capitalization of $1.51 billion, a PE ratio of 11.71 and a beta of 1.12. The business's 50 day moving average price is $137.74 and its two-hundred day moving average price is $123.63. HCI Group, Inc. has a 1-year low of $83.65 and a 1-year high of $151.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings results 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 company had revenue of $161.88 million for the quarter, compared to analysts' expectations of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. Equities research analysts predict that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. HCI Group's dividend payout ratio is presently 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.