HighTower Advisors LLC Acquires 559 Shares of HCI Group, Inc. (NYSE:HCI)

HighTower Advisors LLC lifted its holdings in HCI Group, Inc. (NYSE:HCI) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,345 shares of the insurance provider’s stock after acquiring an additional 559 shares during the period. HighTower Advisors LLC owned approximately 0.06% of HCI Group worth $739,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HCI. Point72 DIFC Ltd raised its holdings in HCI Group by 75.0% during the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after buying an additional 213 shares during the last quarter. GAMMA Investing LLC grew its position in HCI Group by 28.4% in the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock worth $60,000 after purchasing an additional 113 shares in the last quarter. Clare Market Investments LLC purchased a new stake in HCI Group in the 4th quarter valued at about $296,000. Ieq Capital LLC bought a new position in shares of HCI Group during the 4th quarter worth approximately $311,000. Finally, Precision Wealth Strategies LLC purchased a new position in shares of HCI Group in the 4th quarter worth approximately $432,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Price Performance

NYSE HCI opened at $150.68 on Friday. The company has a market cap of $1.62 billion, a PE ratio of 12.59 and a beta of 1.14. 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 firm’s 50-day simple moving average is $128.62 and its two-hundred day simple moving average is $118.15. HCI Group, Inc. has a 52 week low of $83.65 and a 52 week high of $150.96.

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

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.06%. HCI Group’s dividend payout ratio is presently 18.18%.

Wall Street Analyst Weigh In

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

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.