HCI Group, Inc. (NYSE:HCI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in HCI Group, Inc. (NYSE:HCI) by 63.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,008 shares of the insurance provider’s stock after selling 22,307 shares during the period. Assenagon Asset Management S.A. owned approximately 0.12% of HCI Group worth $1,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of HCI Group by 77.3% during the 3rd 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 acquired a new position in HCI Group in the third quarter valued at about $621,000. Victory Capital Management Inc. boosted its stake 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 buying an additional 13,434 shares during the period. AQR Capital Management LLC increased its position in shares of HCI Group by 27.2% during the second quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider’s stock valued at $4,905,000 after acquiring an additional 11,365 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of HCI Group by 16.4% during the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider’s stock valued at $6,015,000 after acquiring an additional 7,914 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Performance

NYSE:HCI opened at $122.40 on Friday. HCI Group, Inc. has a 52 week low of $83.64 and a 52 week high of $126.50. The company has a fifty day simple moving average of $115.46 and a two-hundred day simple moving average of $106.29. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 10.23 and a beta of 1.13.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, November 7th. The insurance provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The firm had revenue of $175.32 million during the quarter, compared to analysts’ expectations of $192.08 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. During the same period in the previous year, the firm posted $1.41 EPS. As a group, equities analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. HCI Group’s payout ratio is 13.37%.

Wall Street Analyst Weigh In

HCI has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Compass Point restated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Truist Financial reaffirmed a “buy” rating and issued a $145.00 price objective on shares of HCI Group in a research note on Tuesday, December 17th. Finally, Oppenheimer increased their target price on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, HCI Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

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.