HCI Group, Inc. (NYSE:HCI) Holdings Raised by Hood River Capital Management LLC

Hood River Capital Management LLC lifted its stake in HCI Group, Inc. (NYSE:HCI) by 6.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 767,544 shares of the insurance provider’s stock after purchasing an additional 45,668 shares during the quarter. HCI Group accounts for about 1.5% of Hood River Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Hood River Capital Management LLC owned 7.33% of HCI Group worth $70,745,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HCI. Quest Partners LLC purchased a new stake in shares of HCI Group in the fourth quarter valued at $28,000. Gladius Capital Management LP purchased a new stake in shares of HCI Group in the second quarter worth approximately $31,000. CWM LLC boosted its holdings in shares of HCI Group by 115.4% during the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after purchasing an additional 495 shares during the period. Intech Investment Management LLC purchased a new stake in HCI Group in the 2nd quarter worth approximately $201,000. Finally, Arizona State Retirement System boosted its stake in shares of HCI Group by 11.3% during the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock valued at $206,000 after buying an additional 227 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HCI. StockNews.com lowered HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. JMP Securities lifted their price target on HCI Group from $135.00 to $145.00 and gave the company a “market outperform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.25.

HCI Group Trading Down 0.8 %

HCI Group stock opened at $105.04 on Monday. HCI Group, Inc. has a one year low of $50.01 and a one year high of $121.57. The company’s fifty day moving average price is $94.56 and its two-hundred day moving average price is $100.65. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.69 and a beta of 1.13.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The business had revenue of $206.25 million for the quarter, compared to analyst estimates of $196.67 million. During the same quarter in the prior year, the firm posted $1.22 EPS. On average, analysts forecast that HCI Group, Inc. will post 12.37 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, August 16th. HCI Group’s dividend payout ratio is currently 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.