Seizert Capital Partners LLC lifted its stake in shares of HCI Group, Inc. (NYSE:HCI) by 65.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,303 shares of the insurance provider’s stock after purchasing an additional 8,405 shares during the period. Seizert Capital Partners LLC owned about 0.21% of HCI Group worth $815,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management boosted its holdings in HCI Group by 40.4% in the 2nd quarter. LSV Asset Management now owns 549,934 shares of the insurance provider’s stock valued at $25,835,000 after purchasing an additional 158,380 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of HCI Group by 11.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 757,105 shares of the insurance provider’s stock worth $34,508,000 after acquiring an additional 79,423 shares during the last quarter. Foundry Partners LLC lifted its holdings in shares of HCI Group by 107.1% in the 2nd quarter. Foundry Partners LLC now owns 137,050 shares of the insurance provider’s stock worth $6,439,000 after acquiring an additional 70,875 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of HCI Group by 10.7% in the 2nd quarter. Vanguard Group Inc. now owns 608,144 shares of the insurance provider’s stock worth $28,571,000 after acquiring an additional 58,766 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of HCI Group by 4.9% in the 2nd quarter. Schroder Investment Management Group now owns 462,396 shares of the insurance provider’s stock worth $22,056,000 after acquiring an additional 21,800 shares during the last quarter. 73.86% of the stock is owned by institutional investors and hedge funds.
Shares of HCI Group, Inc. (NYSE HCI) opened at $32.25 on Tuesday. HCI Group, Inc. has a 52 week low of $27.11 and a 52 week high of $50.93. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.22.
HCI Group (NYSE:HCI) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($4.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($1.92). The firm had revenue of $44.00 million during the quarter, compared to analyst estimates of $66.46 million. HCI Group had a negative return on equity of 6.34% and a negative net margin of 5.63%. The firm’s revenue was down 30.5% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. analysts forecast that HCI Group, Inc. will post -0.4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.40 annualized dividend and a yield of 4.34%. HCI Group’s dividend payout ratio (DPR) is currently -84.85%.
In other HCI Group news, CEO Paresh Patel bought 1,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was purchased at an average cost of $36.06 per share, for a total transaction of $36,060.00. Following the acquisition, the chief executive officer now owns 227,000 shares of the company’s stock, valued at approximately $8,185,620. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 1,565 shares of company stock valued at $56,894 over the last 90 days. 20.37% of the stock is currently owned by insiders.
Several equities analysts have recently commented on HCI shares. TheStreet lowered shares of HCI Group from a “b-” rating to a “c” rating in a report on Thursday, September 28th. BidaskClub downgraded shares of HCI Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. ValuEngine raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 13th. Finally, Sidoti raised shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Monday, September 11th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. HCI Group currently has a consensus rating of “Hold” and an average target price of $43.33.
HCI Group Profile
HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.
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