Assenagon Asset Management S.A. Has $1.52 Million Position in HCI Group, Inc. (NYSE:HCI)

Assenagon Asset Management S.A. reduced its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 63.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,008 shares of the insurance provider's stock after selling 22,307 shares during the quarter. Assenagon Asset Management S.A. owned about 0.12% of HCI Group worth $1,516,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew 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 worth $60,000 after buying an additional 113 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of HCI Group by 1.5% in the 3rd quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider's stock valued at $1,113,000 after purchasing an additional 155 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of HCI Group by 2.9% in the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider's stock valued at $561,000 after purchasing an additional 174 shares during the period. Point72 DIFC Ltd raised its stake 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 worth $53,000 after purchasing an additional 213 shares during the last quarter. Finally, Amalgamated Bank raised its stake 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 worth $258,000 after purchasing an additional 225 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HCI has been the subject of a number of research analyst reports. Truist Financial reaffirmed a "buy" rating and set a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. Oppenheimer increased their price target on shares of HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Compass Point restated a "neutral" rating and set a $120.00 price objective (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

HCI Group Stock Up 0.5 %

HCI traded up $0.60 on Friday, reaching $122.65. The company's stock had a trading volume of 95,100 shares, compared to its average volume of 138,140. HCI Group, Inc. has a 1 year low of $83.64 and a 1 year high of $126.50. 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 stock has a market cap of $1.29 billion, a price-to-earnings ratio of 10.25 and a beta of 1.13. The business's 50 day moving average is $115.82 and its 200 day moving average is $106.66.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.08. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The firm had revenue of $175.32 million during the quarter, compared to the consensus estimate of $192.08 million. During the same quarter in the previous year, the company posted $1.41 earnings per share. As a group, research analysts forecast that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were paid a $0.40 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. HCI Group's payout ratio is currently 13.37%.

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.