1 week Ago By ABMN Staff
Vanguard Group Inc. grew its position in shares of HCI Group, Inc. ( NYSE:HCI – Free Report ) by 1.
3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 597,295 shares of the insurance provider’s stock after purchasing an additional 7,732 shares during the quarter. Vanguard Group Inc.
owned approximately 0.06% of HCI Group worth $69,603,000 as of its most recent SEC filing. A number of other large investors also recently modified their holdings of HCI.
FMR LLC grew its position in HCI Group by 49.6% during the third quarter. FMR LLC now owns 32,571 shares of the insurance provider’s stock valued at $3,487,000 after acquiring an additional 10,795 shares during the last quarter.
Captrust Financial Advisors purchased a new stake in shares of HCI Group in the 3rd quarter valued at $478,000. HighTower Advisors LLC boosted its stake in shares of HCI Group by 53.5% in the 3rd quarter.
HighTower Advisors LLC now owns 5,786 shares of the insurance provider’s stock valued at $624,000 after purchasing an additional 2,017 shares in the last quarter. State Street Corp grew its holdings in shares of HCI Group by 7.7% during the 3rd quarter.
State Street Corp now owns 291,244 shares of the insurance provider’s stock valued at $31,181,000 after purchasing an additional 20,910 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in HCI Group by 58.3% in the 3rd quarter.
Wellington Management Group LLP now owns 146,738 shares of the insurance provider’s stock worth $15,710,000 after purchasing an additional 54,050 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Separately, Truist Financial restated a “buy” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock.
According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.00.
HCI Group Stock Performance NYSE:HCI opened at $145.34 on Friday. The company has a debt-to-equity ratio of 0.
40, a quick ratio of 0.47 and a current ratio of 0.47.
HCI Group, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $151.
88. The firm has a market cap of $1.56 billion, a PE ratio of 12.
14 and a beta of 1.12. The business has a 50 day moving average price of $132.
89 and a 200-day moving average price of $121.17. HCI Group ( NYSE:HCI – Get Free Report ) last announced its quarterly earnings results on Thursday, February 27th.
The insurance provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of ($2.75) by $3.
06. The business had revenue of $161.88 million during the quarter, compared to analysts’ expectations of $175.
11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.
17%. Equities research analysts predict that HCI Group, Inc. will post 6.
78 earnings per share for the current year. HCI Group Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.
40 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.
60 annualized dividend and a dividend yield of 1.10%. HCI Group’s payout ratio is presently 18.
18%. HCI Group Company Profile ( Free Report ) 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.
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