Integrated Quantitative Investments LLC Acquires New Holdings in HCI Group, Inc. (NYSE:HCI)

Integrated Quantitative Investments LLC bought a new stake in HCI Group, Inc. (NYSE:HCI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,413 shares of the insurance provider's stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 DIFC Ltd grew its position in shares of HCI Group by 75.0% during 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of HCI Group by 28.4% in the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock valued at $60,000 after buying an additional 113 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in HCI Group during the fourth quarter worth approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in HCI Group during the 4th quarter worth $211,000. Finally, Clare Market Investments LLC bought a new position in HCI Group during the 4th quarter worth $296,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Price Performance

Shares of HCI Group stock traded up $1.37 on Friday, reaching $146.37. 106,135 shares of the stock were exchanged, compared to its average volume of 144,552. 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 firm has a market cap of $1.58 billion, a PE ratio of 12.23 and a beta of 1.12. The firm's 50 day moving average is $133.37 and its 200-day moving average is $121.45. HCI Group, Inc. has a one year low of $83.65 and a one year high of $151.88.

HCI Group (NYSE:HCI - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, topping 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 firm had revenue of $161.88 million during the quarter, compared to analysts' expectations of $175.11 million. As a group, analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, February 21st. HCI Group's dividend payout ratio (DPR) is presently 18.18%.

Analysts Set New Price Targets

Separately, Truist Financial reiterated a "buy" rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, HCI Group has a consensus rating of "Moderate Buy" and an average price target 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.