Vanguard Group Inc. Has $22.72 Million Stock Position in HCI Group, Inc. (NYSE:HCI)

Vanguard Group Inc. decreased its position in HCI Group, Inc. (NYSE:HCI) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 418,513 shares of the insurance provider’s stock after selling 33,247 shares during the period. Vanguard Group Inc. owned about 4.87% of HCI Group worth $22,721,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HCI. JPMorgan Chase & Co. raised its holdings in shares of HCI Group by 23.0% in the 1st quarter. JPMorgan Chase & Co. now owns 2,826 shares of the insurance provider’s stock worth $193,000 after buying an additional 529 shares in the last quarter. Citigroup Inc. raised its holdings in shares of HCI Group by 24.4% in the 1st quarter. Citigroup Inc. now owns 6,817 shares of the insurance provider’s stock worth $465,000 after buying an additional 1,336 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of HCI Group by 60.1% in the 1st quarter. MetLife Investment Management LLC now owns 3,040 shares of the insurance provider’s stock worth $207,000 after buying an additional 1,141 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of HCI Group by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,893 shares of the insurance provider’s stock worth $470,000 after buying an additional 850 shares in the last quarter. Finally, Yousif Capital Management LLC raised 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 worth $580,000 after buying an additional 245 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Down 1.2 %

Shares of HCI opened at $109.35 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.62. The business’s fifty day moving average price is $105.65 and its two-hundred day moving average price is $86.87. HCI Group, Inc. has a 52 week low of $48.08 and a 52 week high of $121.57.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $1.81. The firm had revenue of $162.67 million for the quarter, compared to analyst estimates of $146.09 million. HCI Group had a return on equity of 36.40% and a net margin of 14.35%. During the same period last year, the company earned $0.06 EPS. On average, analysts predict that HCI Group, Inc. will post 10.33 earnings per share for the current year.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were given a $0.40 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. HCI Group’s payout ratio is 21.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HCI. William Blair raised HCI Group from a “market perform” rating to an “outperform” rating in a report on Friday, March 8th. Truist Financial increased their price target on HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Compass Point increased their price target on HCI Group from $90.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Oppenheimer restated an “outperform” rating and set a $140.00 price target on shares of HCI Group in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, HCI Group has an average rating of “Moderate Buy” and an average target price of $125.33.

Insider Buying and Selling at HCI Group

In other news, CEO Paresh Patel acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were purchased at an average cost of $114.90 per share, for a total transaction of $114,900.00. Following the transaction, the chief executive officer now owns 349,000 shares of the company’s stock, valued at $40,100,100. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Sanjay Madhu sold 3,294 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $118.72, for a total value of $391,063.68. Following the transaction, the director now directly owns 71,706 shares in the company, valued at approximately $8,512,936.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paresh Patel purchased 1,000 shares of HCI Group stock in a transaction dated Tuesday, April 9th. The stock was bought at an average price of $114.90 per share, for a total transaction of $114,900.00. Following the completion of the transaction, the chief executive officer now directly owns 349,000 shares in the company, valued at $40,100,100. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 113,102 shares of company stock worth $13,198,303. Insiders own 25.25% of the company’s stock.

HCI Group Company Profile

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.