Optimist Retirement Group LLC Grows Holdings in HCI Group, Inc. (NYSE:HCI)

Optimist Retirement Group LLC lifted its holdings in HCI Group, Inc. (NYSE:HCI) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,442 shares of the insurance provider’s stock after buying an additional 551 shares during the quarter. Optimist Retirement Group LLC’s holdings in HCI Group were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hood River Capital Management LLC grew its position in shares of HCI Group by 1.4% in the 1st quarter. Hood River Capital Management LLC now owns 721,876 shares of the insurance provider’s stock worth $83,795,000 after buying an additional 9,828 shares during the period. Vanguard Group Inc. grew its position in shares of HCI Group by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock worth $58,034,000 after buying an additional 31,234 shares during the period. Dimensional Fund Advisors LP grew its position in shares of HCI Group by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 339,951 shares of the insurance provider’s stock worth $31,333,000 after buying an additional 17,077 shares during the period. Wasatch Advisors LP grew its position in shares of HCI Group by 5.1% in the 4th quarter. Wasatch Advisors LP now owns 186,053 shares of the insurance provider’s stock worth $16,261,000 after buying an additional 8,992 shares during the period. Finally, Khrom Capital Management LLC grew its position in shares of HCI Group by 792.2% in the 1st quarter. Khrom Capital Management LLC now owns 180,506 shares of the insurance provider’s stock worth $20,953,000 after buying an additional 160,274 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Stock Performance

Shares of HCI stock opened at $106.80 on Thursday. HCI Group, Inc. has a one year low of $50.01 and a one year high of $121.57. The company’s 50-day moving average is $93.84 and its 200 day moving average is $100.53. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.86 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44.

HCI Group (NYSE:HCI) last posted its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.63. The business had revenue of $206.25 million for the quarter, compared to analysts’ expectations of $196.67 million. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. During the same quarter in the prior year, the business earned $1.22 EPS. Sell-side analysts expect that HCI Group, Inc. will post 12.37 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, August 16th. HCI Group’s dividend payout ratio is currently 16.28%.

Analysts Set New Price Targets

Several analysts recently commented on HCI shares. StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. JMP Securities increased their price objective on shares of HCI Group from $135.00 to $145.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.25.

HCI Group Company 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.