HCI Group, Inc. (NYSE:HCI) is Bernzott Capital Advisors' 4th Largest Position

Bernzott Capital Advisors grew its stake in HCI Group, Inc. (NYSE:HCI - Free Report) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,357 shares of the insurance provider's stock after buying an additional 6,237 shares during the period. HCI Group accounts for 3.9% of Bernzott Capital Advisors' holdings, making the stock its 4th biggest position. Bernzott Capital Advisors owned 0.81% of HCI Group worth $9,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in shares of HCI Group in the second quarter worth $26,000. Gladius Capital Management LP acquired a new stake in shares of HCI Group in the second quarter worth $31,000. GAMMA Investing LLC increased its stake in shares of HCI Group by 80.9% in the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider's stock worth $43,000 after acquiring an additional 178 shares during the period. CWM LLC increased its stake in shares of HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider's stock worth $85,000 after acquiring an additional 495 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of HCI Group by 49.1% in the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider's stock worth $98,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HCI. Compass Point reiterated a "neutral" rating and issued a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. StockNews.com lowered shares of HCI Group from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.25.

HCI Group Price Performance

HCI Group stock traded down $0.95 during trading on Tuesday, reaching $116.15. The company had a trading volume of 59,069 shares, compared to its average volume of 146,083. The firm has a market capitalization of $1.22 billion, a PE ratio of 11.80 and a beta of 1.13. The firm's 50-day simple moving average is $104.70 and its 200 day simple moving average is $100.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44. HCI Group, Inc. has a 1-year low of $56.82 and a 1-year high of $124.00.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, topping the consensus estimate of $3.58 by $0.63. The company had revenue of $206.25 million during the quarter, compared to analyst estimates of $196.67 million. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. During the same quarter in the previous year, the firm earned $1.22 EPS. As a group, equities research analysts anticipate that HCI Group, Inc. will post 6.15 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, November 15th. HCI Group's payout ratio is presently 16.28%.

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.