Charles Schwab Investment Management Inc. Has $9.02 Million Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Charles Schwab Investment Management Inc. raised its holdings in HCI Group, Inc. (NYSE:HCI) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,391 shares of the insurance provider’s stock after purchasing an additional 3,815 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.73% of HCI Group worth $9,018,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new stake in shares of HCI Group in the 4th quarter valued at $1,358,000. Illinois Municipal Retirement Fund boosted its holdings in shares of HCI Group by 25.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 4,841 shares of the insurance provider’s stock valued at $564,000 after purchasing an additional 992 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of HCI Group by 26.1% in the 4th quarter. Bank of New York Mellon Corp now owns 79,727 shares of the insurance provider’s stock valued at $9,291,000 after purchasing an additional 16,497 shares in the last quarter. Navellier & Associates Inc. boosted its holdings in shares of HCI Group by 9.0% in the 4th quarter. Navellier & Associates Inc. now owns 9,973 shares of the insurance provider’s stock valued at $1,162,000 after purchasing an additional 822 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of HCI Group in the 4th quarter valued at $311,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial reissued a “buy” rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, HCI Group has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

HCI Group Trading Down 0.5 %

NYSE HCI opened at $136.44 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a twelve month low of $83.65 and a twelve month high of $141.21. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 11.40 and a beta of 1.14. The business’s fifty day moving average is $126.00 and its 200 day moving average is $116.67.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.75) by $3.06. The business had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. As a group, sell-side analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group’s dividend payout ratio 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.