Exchange Traded Concepts LLC Purchases 1,400 Shares of HCI Group, Inc. (NYSE:HCI)

Exchange Traded Concepts LLC boosted its position in shares of HCI Group, Inc. (NYSE:HCI) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,508 shares of the insurance provider’s stock after acquiring an additional 1,400 shares during the period. Exchange Traded Concepts LLC’s holdings in HCI Group were worth $3,322,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of HCI Group by 77.3% during the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock valued at $1,659,000 after purchasing an additional 6,756 shares during the last quarter. Royce & Associates LP acquired a new position in shares of HCI Group in the 3rd quarter valued at $621,000. Victory Capital Management Inc. raised its stake in HCI Group by 152.7% in the 3rd quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock worth $2,380,000 after acquiring an additional 13,434 shares during the last quarter. AQR Capital Management LLC lifted its position in HCI Group by 27.2% during the 2nd quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider’s stock worth $4,905,000 after acquiring an additional 11,365 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of HCI Group by 16.4% in the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider’s stock valued at $6,015,000 after purchasing an additional 7,914 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Trading Up 0.5 %

Shares of NYSE:HCI opened at $122.65 on Friday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.25 and a beta of 1.13. The business’s 50 day moving average price is $115.82 and its 200-day moving average price is $106.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. HCI Group, Inc. has a 1 year low of $83.64 and a 1 year high of $126.50.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. The business had revenue of $175.32 million for the quarter, compared to the consensus estimate of $192.08 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. During the same period last year, the firm posted $1.41 earnings per share. On average, equities research analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Friday, November 15th. HCI Group’s dividend payout ratio is presently 13.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Compass Point reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. Oppenheimer upped their price objective on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JMP Securities restated a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, October 15th. Finally, Truist Financial reiterated a “buy” rating and issued a $145.00 price objective on shares of HCI Group in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

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.