Royce & Associates LP Buys 3,755 Shares of HCI Group, Inc. (NYSE:HCI)

Royce & Associates LP grew its holdings in HCI Group, Inc. (NYSE:HCI - Free Report) by 64.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,560 shares of the insurance provider's stock after purchasing an additional 3,755 shares during the quarter. Royce & Associates LP owned about 0.09% of HCI Group worth $1,114,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Point72 DIFC Ltd raised its position in HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider's stock worth $53,000 after purchasing an additional 213 shares during the last quarter. GAMMA Investing LLC raised 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 acquiring an additional 113 shares during the last quarter. Clare Market Investments LLC bought a new stake in shares of HCI Group during the fourth quarter worth $296,000. Ieq Capital LLC acquired a new position in shares of HCI Group during the fourth quarter valued at $311,000. Finally, Oppenheimer & Co. Inc. bought a new position in HCI Group in the third quarter valued at about $370,000. Institutional investors own 86.99% of the company's stock.

Analyst Ratings Changes

Separately, Truist Financial reissued a "buy" rating and set a $145.00 price objective on shares of HCI Group in a report 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 company has an average rating of "Moderate Buy" and an average price target of $140.00.

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HCI Group Trading Up 3.4 %

Shares of HCI Group stock traded up $4.74 during trading on Wednesday, reaching $145.21. 179,172 shares of the company were exchanged, compared to its average volume of 132,549. The business has a 50-day moving average price of $127.00 and a 200-day moving average price of $117.39. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.13 and a beta of 1.14. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a twelve month low of $83.65 and a twelve month high of $145.34.

HCI Group (NYSE:HCI - Get Free Report) last posted 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. 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%. Sell-side analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.10%. The ex-dividend date was Friday, February 21st. HCI Group's payout ratio is presently 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.