Proficio Capital Partners LLC Makes New Investment in HCI Group, Inc. (NYSE:HCI)

Proficio Capital Partners LLC purchased a new stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & 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 & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in HCI Group by 77.3% during the third quarter. Barclays PLC now owns 15,501 shares of the insurance provider's stock worth $1,659,000 after purchasing an additional 6,756 shares during the period. Royce & Associates LP bought a new position in HCI Group during the third quarter worth about $621,000. Victory Capital Management Inc. boosted its position in HCI Group by 152.7% during the third quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider's stock worth $2,380,000 after purchasing an additional 13,434 shares during the period. Principal Financial Group Inc. boosted its position in HCI Group by 16.4% during the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider's stock worth $6,015,000 after purchasing an additional 7,914 shares during the period. Finally, FMR LLC boosted its position in HCI Group by 49.6% during the third quarter. FMR LLC now owns 32,571 shares of the insurance provider's stock worth $3,487,000 after purchasing an additional 10,795 shares during the period. Institutional investors own 86.99% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Truist Financial reiterated 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.00.

HCI Group Price Performance

Shares of HCI stock traded up $1.34 during trading hours on Friday, reaching $136.20. The stock had a trading volume of 72,544 shares, compared to its average volume of 138,564. The stock's fifty day simple moving average is $121.30 and its 200 day simple moving average is $113.67. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $140.72. The firm has a market capitalization of $1.47 billion, a PE ratio of 11.38 and a beta of 1.14.

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

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. HCI Group's dividend payout ratio (DPR) is currently 18.18%.

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.