HCI Group, Inc. (NYSE:HCI) Holdings Raised by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI) by 19.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,419 shares of the insurance provider’s stock after buying an additional 15,100 shares during the period. Renaissance Technologies LLC owned about 0.88% of HCI Group worth $8,518,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC acquired a new stake in HCI Group during the fourth quarter valued at $28,000. Gladius Capital Management LP purchased a new stake in shares of HCI Group during the 2nd quarter worth about $31,000. CWM LLC lifted its holdings in shares of HCI Group by 115.4% during the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after buying an additional 495 shares during the last quarter. Arizona State Retirement System grew its stake in shares of HCI Group by 11.3% in the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock valued at $206,000 after buying an additional 227 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in HCI Group in the second quarter worth approximately $217,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

HCI Group Stock Up 1.5 %

HCI opened at $107.52 on Wednesday. The firm has a market cap of $1.13 billion, a P/E ratio of 10.94 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. The business has a 50 day moving average price of $95.15 and a 200 day moving average price of $100.66. HCI Group, Inc. has a twelve month low of $50.30 and a twelve month high of $121.57.

HCI Group (NYSE:HCI) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates 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 last year, the firm posted $1.22 earnings per share. Research analysts forecast that HCI Group, Inc. will post 12.37 EPS for the current year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Friday, August 16th. HCI Group’s dividend payout ratio is 16.28%.

Analysts Set New Price Targets

HCI has been the subject of a number of analyst reports. StockNews.com cut shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. JMP Securities restated a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a report on Monday. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.25.

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.