Seizert Capital Partners LLC Acquires 8,405 Shares of HCI Group, Inc. (HCI)

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.

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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.

Institutional Ownership by Quarter for HCI Group (NYSE:HCI)

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