11,653 Shares in HCI Group, Inc. (NYSE:HCI) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in HCI Group, Inc. (NYSE:HCI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,653 shares of the insurance provider's stock, valued at approximately $1,358,000. Proficio Capital Partners LLC owned 0.11% of HCI Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. New York State Teachers Retirement System raised its position in HCI Group by 1.0% during the 4th quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock worth $1,223,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC increased 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. Point72 DIFC Ltd raised its position 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 acquiring an additional 213 shares during the last quarter. Rhumbline Advisers raised its position in shares of HCI Group by 1.1% during the fourth quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock worth $2,600,000 after acquiring an additional 232 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of HCI Group by 1.6% in the third quarter. BNP Paribas Financial Markets now owns 21,518 shares of the insurance provider's stock worth $2,304,000 after acquiring an additional 343 shares during the period. Institutional investors own 86.99% of the company's stock.

HCI Group Trading Up 2.1 %

Shares of NYSE:HCI traded up $2.89 during midday trading on Monday, reaching $139.46. The company's stock had a trading volume of 86,523 shares, compared to its average volume of 132,912. HCI Group, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $141.21. 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 50 day moving average price of $126.00 and a two-hundred day moving average price of $116.82. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 11.65 and a beta of 1.14.

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

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group's dividend payout ratio is presently 18.18%.

Analyst Ratings Changes

Separately, Truist Financial reissued a "buy" rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, HCI Group presently has an average rating of "Moderate Buy" and an average price target of $140.00.

About HCI Group

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.