HCI Group, Inc. (NYSE:HCI) Stock Position Boosted by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of HCI Group, Inc. (NYSE:HCI) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,466 shares of the insurance provider’s stock after buying an additional 23,610 shares during the quarter. American Century Companies Inc. owned about 1.60% of HCI Group worth $19,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Point72 DIFC Ltd lifted its position in HCI Group by 75.0% in the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 213 shares during the period. GAMMA Investing LLC raised 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 worth $60,000 after buying an additional 113 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of HCI Group in the fourth quarter valued at $211,000. Clare Market Investments LLC bought a new position in HCI Group during the fourth quarter valued at about $296,000. Finally, Ieq Capital LLC acquired a new position in HCI Group during the fourth quarter worth about $311,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial restated a “buy” rating and set a $145.00 price objective on shares of HCI Group in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, HCI Group currently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

HCI Group Trading Up 1.7 %

Shares of NYSE HCI opened at $150.68 on Monday. 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 12 month low of $83.65 and a 12 month high of $150.96. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 12.59 and a beta of 1.14. The business has a fifty day simple moving average of $128.62 and a 200-day simple moving average of $118.48.

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

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group’s dividend payout ratio (DPR) 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.