Precision Wealth Strategies LLC Buys Shares of 3,708 HCI Group, Inc. (NYSE:HCI)

Precision Wealth Strategies LLC acquired a new stake in HCI Group, Inc. (NYSE:HCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,708 shares of the insurance provider's stock, valued at approximately $432,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock valued at $60,000 after purchasing an additional 113 shares during the last quarter. New York State Teachers Retirement System raised its stake in HCI Group by 1.5% in the third quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider's stock valued at $1,113,000 after buying an additional 155 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of HCI Group by 2.9% during the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider's stock worth $561,000 after purchasing an additional 174 shares during the period. Point72 DIFC Ltd increased its stake in shares of HCI Group by 75.0% during the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider's stock worth $53,000 after purchasing an additional 213 shares during the period. Finally, Amalgamated Bank increased its stake in HCI Group by 10.3% during the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider's stock worth $258,000 after acquiring an additional 225 shares during the period. Institutional investors own 86.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HCI shares. Oppenheimer raised their target price on HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Truist Financial reissued a "buy" rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, December 17th. Compass Point reaffirmed a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $145.00 target price 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 assigned a buy rating to the stock. Based on data from MarketBeat, HCI Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

HCI Group Stock Performance

Shares of NYSE HCI traded up $0.84 during midday trading on Wednesday, reaching $123.18. The company's stock had a trading volume of 45,586 shares, compared to its average volume of 111,473. HCI Group, Inc. has a 12-month low of $83.64 and a 12-month high of $126.50. The firm has a 50 day moving average price of $117.38 and a 200-day moving average price of $108.55. The stock has a market capitalization of $1.30 billion, a P/E ratio of 10.29 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, November 7th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.08. The business had revenue of $175.32 million for the quarter, compared to analysts' expectations of $192.08 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. During the same quarter in the previous year, the firm posted $1.41 EPS. As a group, equities analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. HCI Group's dividend payout ratio is currently 13.37%.

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.