HCI Group, Inc. (NYSE:HCI) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 116.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,792 shares of the insurance provider's stock after acquiring an additional 5,266 shares during the quarter. Intech Investment Management LLC owned approximately 0.09% of HCI Group worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in HCI Group by 7.7% during the third quarter. State Street Corp now owns 291,244 shares of the insurance provider's stock worth $31,181,000 after purchasing an additional 20,910 shares during the period. Geode Capital Management LLC raised its position in shares of HCI Group by 28.7% during the 3rd quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider's stock valued at $23,538,000 after buying an additional 48,969 shares during the period. Two Sigma Advisers LP lifted its holdings in HCI Group by 196.5% in the third quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider's stock valued at $16,252,000 after acquiring an additional 100,600 shares during the last quarter. Wellington Management Group LLP grew its position in HCI Group by 58.3% in the third quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider's stock worth $15,710,000 after acquiring an additional 54,050 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in HCI Group by 80.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock worth $11,781,000 after acquiring an additional 45,920 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Trading Up 3.4 %

HCI Group stock traded up $4.74 during trading on Wednesday, hitting $145.21. The company had a trading volume of 179,202 shares, compared to its average volume of 132,549. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 12.13 and a beta of 1.14. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a 1-year low of $83.65 and a 1-year high of $145.34. The company's 50 day simple moving average is $127.00 and its 200-day simple moving average is $117.39.

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, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $175.11 million. As a group, analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. HCI Group's dividend payout ratio (DPR) is presently 18.18%.

Analyst Upgrades and Downgrades

Separately, Truist Financial reiterated a "buy" rating and set a $145.00 price target 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 given a buy rating to the company. According to MarketBeat, HCI Group currently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

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.