Proficio Capital Partners LLC Takes Position in HCI Group, Inc. (NYSE:HCI)

Proficio Capital Partners LLC bought a new stake in HCI Group, Inc. (NYSE:HCI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HCI. New York State Teachers Retirement System grew its stake in shares of HCI Group by 1.0% in the 4th quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider’s stock valued at $1,223,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of HCI Group by 28.4% in the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after buying an additional 113 shares in the last quarter. Point72 DIFC Ltd grew its stake in shares of HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock valued at $53,000 after buying an additional 213 shares in the last quarter. Amalgamated Bank grew its stake in shares of HCI Group by 10.3% in the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock valued at $258,000 after buying an additional 225 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in 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 purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Up 1.0 %

HCI opened at $136.20 on Friday. HCI Group, Inc. has a 1-year low of $83.65 and a 1-year high of $140.72. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.38 and a beta of 1.12. The business has a 50 day moving average of $121.30 and a 200-day moving average of $113.54.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The company had revenue of $161.88 million during the quarter, compared to analysts’ expectations of $175.11 million. As a group, sell-side analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid 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 payout ratio is 18.18%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HCI. Truist Financial reaffirmed a “buy” rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Oppenheimer upped their target price on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.