Khrom Capital Management LLC Acquires 406,698 Shares of HCI Group, Inc. (NYSE:HCI)

Khrom Capital Management LLC raised its holdings in HCI Group, Inc. (NYSE:HCI) by 225.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 587,204 shares of the insurance provider’s stock after acquiring an additional 406,698 shares during the period. HCI Group makes up approximately 10.2% of Khrom Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Khrom Capital Management LLC owned about 5.61% of HCI Group worth $54,123,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jupiter Asset Management Ltd. purchased a new stake in shares of HCI Group in the first quarter valued at approximately $939,000. Quadrature Capital Ltd grew its holdings in HCI Group by 55.8% in the 4th quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider’s stock valued at $2,610,000 after buying an additional 10,693 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of HCI Group by 153.6% in the 2nd quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider’s stock worth $860,000 after acquiring an additional 5,649 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of HCI Group by 45.0% during the 1st quarter. Principal Financial Group Inc. now owns 45,387 shares of the insurance provider’s stock worth $5,269,000 after acquiring an additional 14,086 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of HCI Group by 271.1% during the 1st quarter. BNP Paribas Financial Markets now owns 30,783 shares of the insurance provider’s stock valued at $3,573,000 after acquiring an additional 22,489 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Performance

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

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, topping the consensus estimate of $3.58 by $0.63. The business had revenue of $206.25 million during the quarter, compared to analyst estimates of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same period last year, the business posted $1.22 earnings per share. Equities research analysts forecast that HCI Group, Inc. will post 12.37 EPS for the current year.

HCI Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. HCI Group’s dividend payout ratio (DPR) is presently 16.28%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HCI. JMP Securities raised their price objective on shares of HCI Group from $135.00 to $145.00 and gave the stock a “market outperform” rating in a research report on Friday, August 9th. StockNews.com cut shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.