Assenagon Asset Management S.A. Has $3.78 Million Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Assenagon Asset Management S.A. lifted its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 56.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,315 shares of the insurance provider's stock after buying an additional 12,755 shares during the quarter. Assenagon Asset Management S.A. owned about 0.34% of HCI Group worth $3,781,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Khrom Capital Management LLC raised its stake in HCI Group by 225.3% during the 2nd quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider's stock valued at $54,123,000 after purchasing an additional 406,698 shares during the last quarter. American Century Companies Inc. raised its stake in HCI Group by 130.5% during the 2nd quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider's stock valued at $10,164,000 after purchasing an additional 62,438 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in HCI Group by 1,648.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider's stock valued at $6,102,000 after purchasing an additional 53,737 shares during the last quarter. Hood River Capital Management LLC raised its stake in HCI Group by 6.3% during the 2nd quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider's stock valued at $70,745,000 after purchasing an additional 45,668 shares during the last quarter. Finally, West Coast Financial LLC acquired a new position in HCI Group during the 2nd quarter valued at $3,407,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HCI has been the subject of a number of recent research reports. Compass Point restated 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. JMP Securities restated a "market outperform" rating and issued a $145.00 price objective on shares of HCI Group in a research note on Tuesday, October 15th. Finally, StockNews.com cut shares of HCI Group from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, HCI Group currently has a consensus rating of "Moderate Buy" and an average target price of $129.25.

HCI Group Price Performance

NYSE:HCI traded down $1.88 during mid-day trading on Thursday, reaching $113.31. 64,891 shares of the company were exchanged, compared to its average volume of 145,347. HCI Group, Inc. has a 12 month low of $57.12 and a 12 month high of $124.00. The company has a fifty day moving average of $106.04 and a 200 day moving average of $100.41. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.19 billion, a PE ratio of 11.53 and a beta of 1.13.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.63. The firm had revenue of $206.25 million for 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 prior year, the firm earned $1.22 EPS. On average, research analysts anticipate that HCI Group, Inc. will post 6.15 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, November 15th. HCI Group's dividend payout ratio (DPR) is presently 16.28%.

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.