Dimensional Fund Advisors LP Purchases 17,077 Shares of HCI Group, Inc. (NYSE:HCI)

Dimensional Fund Advisors LP grew its position in HCI Group, Inc. (NYSE:HCI) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 339,951 shares of the insurance provider’s stock after purchasing an additional 17,077 shares during the period. Dimensional Fund Advisors LP owned about 3.25% of HCI Group worth $31,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in HCI Group during the 2nd quarter worth $31,000. CWM LLC lifted its holdings in shares of HCI Group by 115.4% during the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after purchasing an additional 495 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of HCI Group in the 1st quarter valued at approximately $219,000. Virtu Financial LLC bought a new stake in HCI Group during the 1st quarter worth approximately $230,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in HCI Group during the 1st quarter worth approximately $242,000. 86.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on HCI shares. JMP Securities reiterated a “market outperform” rating and issued a $145.00 price target on shares of HCI Group in a report on Monday, September 23rd. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $130.25.

HCI Group Price Performance

NYSE HCI opened at $107.19 on Wednesday. The firm’s 50 day moving average is $96.55 and its 200-day moving average is $100.51. 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 company has a market capitalization of $1.12 billion, a PE ratio of 10.90 and a beta of 1.13. HCI Group, Inc. has a 12-month low of $52.08 and a 12-month high of $121.57.

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

HCI Group Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.60 annualized dividend and a yield of 1.49%. HCI Group’s payout ratio is presently 16.28%.

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.