Capital Impact Advisors LLC Raises Stock Position in HCI Group, Inc. (NYSE:HCI)

Capital Impact Advisors LLC increased its holdings in shares of HCI Group, Inc. (NYSE:HCI – Get Rating) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,020 shares of the insurance provider’s stock after purchasing an additional 595 shares during the quarter. Capital Impact Advisors LLC’s holdings in HCI Group were worth $116,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in HCI Group by 23.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,826 shares of the insurance provider’s stock valued at $193,000 after buying an additional 529 shares in the last quarter. Citigroup Inc. lifted its stake in shares of HCI Group by 24.4% during the 1st quarter. Citigroup Inc. now owns 6,817 shares of the insurance provider’s stock worth $465,000 after acquiring an additional 1,336 shares during the last quarter. MetLife Investment Management LLC raised its position in HCI Group by 60.1% during the 1st quarter. MetLife Investment Management LLC now owns 3,040 shares of the insurance provider’s stock valued at $207,000 after purchasing an additional 1,141 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in HCI Group by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,893 shares of the insurance provider’s stock valued at $470,000 after purchasing an additional 850 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of HCI Group by 3.0% in the 1st quarter. Yousif Capital Management LLC now owns 8,512 shares of the insurance provider’s stock valued at $580,000 after acquiring an additional 245 shares during the period. Hedge funds and other institutional investors own 67.71% of the company’s stock.

HCI Group Trading Up 2.1 %

Shares of HCI opened at $55.98 on Friday. HCI Group, Inc. has a 52-week low of $27.65 and a 52-week high of $73.92. The company has a quick ratio of 0.26, a current ratio of 0.22 and a debt-to-equity ratio of 1.31. The firm’s fifty day moving average is $49.99 and its two-hundred day moving average is $43.23. The stock has a market cap of $481.43 million, a PE ratio of -8.71 and a beta of 0.81.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.86%. HCI Group’s payout ratio is -24.88%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. StockNews.com upgraded shares of HCI Group from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. TheStreet raised shares of HCI Group from a “d+” rating to a “c-” rating in a report on Thursday, March 9th. Finally, Compass Point began coverage on shares of HCI Group in a research note on Thursday, January 19th. They issued a “buy” rating and a $56.00 price target on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, HCI Group currently has a consensus rating of “Moderate Buy” and an average price target of $75.33.

HCI Group Company Profile

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HCI Group, Inc engages in the business of property and casualty insurance, reinsurance, real estate, and information technology. It operates through the following segments: Insurance Operations, Real Estate, and Corporate and Others. The Insurance Operations segment includes the property and casualty insurance division and reinsurance division.