HCI Group, Inc. (NYSE:HCI) Holdings Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 71.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,857 shares of the insurance provider's stock after selling 17,479 shares during the quarter. Los Angeles Capital Management LLC owned 0.07% of HCI Group worth $799,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of HCI. State Street Corp boosted its position in HCI Group by 7.7% in the 3rd quarter. State Street Corp now owns 291,244 shares of the insurance provider's stock valued at $31,181,000 after buying an additional 20,910 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of HCI Group by 28.7% in the third quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider's stock worth $23,538,000 after acquiring an additional 48,969 shares in the last quarter. Two Sigma Advisers LP boosted 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 purchasing an additional 100,600 shares during the last quarter. Wellington Management Group LLP grew its stake in HCI Group by 58.3% during the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider's stock valued at $15,710,000 after purchasing an additional 54,050 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in HCI Group by 80.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock worth $11,781,000 after purchasing an additional 45,920 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

Remove Ads

HCI Group Stock Performance

Shares of HCI stock traded down $2.08 on Thursday, hitting $135.17. 14,516 shares of the stock traded hands, compared to its average volume of 104,576. The company's fifty day moving average is $120.59 and its 200 day moving average is $113.09. HCI Group, Inc. has a 1-year low of $83.64 and a 1-year high of $140.71. The company has a market capitalization of $1.42 billion, a PE ratio of 11.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

HCI Group (NYSE:HCI - Get Free Report) last issued its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.75) by $3.06. The firm had revenue of $161.88 million for the quarter, compared to analysts' expectations of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. On average, equities research analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.18%. HCI Group's payout ratio is currently 18.18%.

Analysts Set New Price Targets

Several equities analysts have recently commented on HCI shares. Truist Financial reiterated a "buy" rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. Oppenheimer raised their price objective on shares of HCI Group from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

HCI Group Company 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.