3,163 Shares in HCI Group, Inc. (NYSE:HCI) Purchased by Versor Investments LP

Posted by MarketBeat News on Aug 1st, 2022

Versor Investments LP purchased a new position in HCI Group, Inc. (NYSE:HCI – Get Rating) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,163 shares of the insurance provider’s stock, valued at approximately $216,000.

Several other institutional investors have also modified their holdings of the business. Mutual of America Capital Management LLC increased its holdings in HCI Group by 24.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 1,092 shares of the insurance provider’s stock valued at $91,000 after buying an additional 213 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in HCI Group by 378.9% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,178 shares of the insurance provider’s stock valued at $98,000 after buying an additional 932 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in HCI Group by 188.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,600 shares of the insurance provider’s stock valued at $176,000 after buying an additional 1,700 shares during the last quarter. SG Americas Securities LLC increased its holdings in HCI Group by 15.1% in the fourth quarter. SG Americas Securities LLC now owns 2,826 shares of the insurance provider’s stock valued at $236,000 after buying an additional 370 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in HCI Group by 18.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,095 shares of the insurance provider’s stock valued at $259,000 after buying an additional 488 shares during the last quarter. Institutional investors and hedge funds own 59.58% of the company’s stock.

HCI Group Stock Up 2.6 %

Shares of HCI Group stock opened at $68.47 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.14. The firm has a market cap of $692.92 million, a P/E ratio of -180.18 and a beta of 0.72. HCI Group, Inc. has a fifty-two week low of $57.51 and a fifty-two week high of $139.80. The business has a 50-day moving average price of $66.54 and a 200 day moving average price of $66.43.

HCI Group (NYSE:HCI – Get Rating) last posted its earnings results on Wednesday, May 4th. The insurance provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.09 by $0.25. The company had revenue of $127.04 million during the quarter, compared to analyst estimates of $113.62 million. HCI Group had a negative return on equity of 0.42% and a negative net margin of 0.77%. During the same period in the prior year, the company earned $0.77 earnings per share. On average, sell-side analysts forecast that HCI Group, Inc. will post 0.8 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 19th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, August 18th. HCI Group’s dividend payout ratio (DPR) is presently -421.05%.

Insider Activity

In related news, Director Susan Watts bought 500 shares of the stock in a transaction dated Tuesday, June 21st. The stock was bought at an average cost of $62.37 per share, with a total value of $31,185.00. Following the completion of the acquisition, the director now owns 5,190 shares of the company’s stock, valued at $323,700.30. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 21.51% of the company’s stock.

HCI Group Company Profile

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HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, 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.