American Century Companies Inc. Increases Stock Holdings in HCI Group, Inc. (NYSE:HCI)

American Century Companies Inc. increased its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 168,466 shares of the insurance provider's stock after acquiring an additional 23,610 shares during the quarter. American Century Companies Inc. owned approximately 1.60% of HCI Group worth $19,631,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HCI. Barclays PLC boosted 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 purchasing an additional 6,756 shares during the last quarter. Principal Financial Group Inc. lifted its position in HCI Group by 16.4% during the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider's stock worth $6,015,000 after buying an additional 7,914 shares during the period. FMR LLC lifted its position in HCI Group by 49.6% during the third quarter. FMR LLC now owns 32,571 shares of the insurance provider's stock worth $3,487,000 after buying an additional 10,795 shares during the period. Two Sigma Advisers LP boosted its stake in HCI Group by 196.5% in the 3rd quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider's stock worth $16,252,000 after buying an additional 100,600 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in HCI Group by 196.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 12,169 shares of the insurance provider's stock valued at $1,303,000 after buying an additional 8,063 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial reiterated a "buy" rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, December 17th. Two equities 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

HCI Group Trading Up 2.3 %

HCI Group stock traded up $3.32 during midday trading on Thursday, reaching $148.12. The stock had a trading volume of 134,888 shares, compared to its average volume of 139,082. The stock has a market capitalization of $1.59 billion, a PE ratio of 12.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The stock's 50-day simple moving average is $130.50 and its 200 day simple moving average is $119.54. HCI Group, Inc. has a twelve month low of $83.65 and a twelve month high of $151.88.

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

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, February 21st. 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.