American Century Companies Inc. Boosts Stake in HCI Group, Inc. (NYSE:HCI)

American Century Companies Inc. lifted its holdings in HCI Group, Inc. (NYSE:HCI) by 130.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,271 shares of the insurance provider’s stock after purchasing an additional 62,438 shares during the period. American Century Companies Inc. owned about 1.05% of HCI Group worth $10,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HCI. Texas Permanent School Fund Corp grew its holdings in HCI Group by 28.8% in the second quarter. Texas Permanent School Fund Corp now owns 7,685 shares of the insurance provider’s stock valued at $708,000 after purchasing an additional 1,719 shares during the period. Quest Partners LLC grew its stake in HCI Group by 6,324.2% in the 2nd quarter. Quest Partners LLC now owns 3,983 shares of the insurance provider’s stock valued at $367,000 after acquiring an additional 3,921 shares during the period. Arizona State Retirement System increased its holdings in HCI Group by 11.3% in the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock worth $206,000 after acquiring an additional 227 shares in the last quarter. TD Asset Management Inc acquired a new position in HCI Group during the second quarter worth $894,000. Finally, Jackson Creek Investment Advisors LLC purchased a new position in HCI Group during the second quarter valued at $1,055,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

HCI has been the subject of a number of research reports. JMP Securities boosted their target price on shares of HCI Group from $135.00 to $145.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. StockNews.com lowered HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five 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 $130.25.

HCI Group Price Performance

Shares of NYSE HCI opened at $105.04 on Monday. The firm has a 50-day simple moving average of $94.56 and a 200-day simple moving average of $100.65. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.69 and a beta of 1.13. HCI Group, Inc. has a 52 week low of $50.01 and a 52 week high of $121.57.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. The company had revenue of $206.25 million during the quarter, compared to the consensus estimate 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 firm earned $1.22 EPS. On average, equities analysts predict that HCI Group, Inc. will post 12.37 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, August 16th. HCI Group’s dividend payout ratio (DPR) is currently 16.28%.

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.