Yousif Capital Management LLC Invests $335,000 in HCI Group, Inc. (NYSE:HCI)

Yousif Capital Management LLC acquired a new position in HCI Group, Inc. (NYSE:HCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,828 shares of the insurance provider’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in HCI Group in the fourth quarter worth $642,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HCI Group by 399.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,773 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 1,418 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in HCI Group during the fourth quarter valued at approximately $262,000. SG Americas Securities LLC bought a new position in shares of HCI Group in the fourth quarter valued at approximately $155,000. Finally, Cedar Brook Financial Partners LLC acquired a new stake in shares of HCI Group in the fourth quarter worth $201,000. Institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial lifted their price objective on HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. JMP Securities restated a “market outperform” rating and set a $120.00 price target on shares of HCI Group in a research note on Monday, April 15th. Compass Point raised their price objective on HCI Group from $90.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Oppenheimer restated an “outperform” rating and set a $140.00 price objective on shares of HCI Group in a research report on Friday, April 5th. Finally, William Blair upgraded HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Insider Transactions at HCI Group

In related news, General Counsel Andrew L. Graham sold 800 shares of HCI Group stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $116.42, for a total value of $93,136.00. Following the completion of the transaction, the general counsel now directly owns 57,630 shares of the company’s stock, valued at $6,709,284.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO James Mark Harmsworth sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $117.12, for a total transaction of $2,342,400.00. Following the sale, the chief financial officer now directly owns 15,420 shares of the company’s stock, valued at $1,805,990.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Andrew L. Graham sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $116.42, for a total transaction of $93,136.00. Following the completion of the transaction, the general counsel now owns 57,630 shares of the company’s stock, valued at approximately $6,709,284.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,102 shares of company stock worth $13,198,303. Insiders own 25.25% of the company’s stock.

HCI Group Price Performance

Shares of HCI stock opened at $110.79 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62 and a quick ratio of 0.62. The stock’s fifty day simple moving average is $111.15 and its 200 day simple moving average is $93.71. HCI Group, Inc. has a one year low of $48.84 and a one year high of $121.57. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 14.65 and a beta of 1.15.

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

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 17th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, May 16th. HCI Group’s dividend payout ratio is currently 21.16%.

About HCI Group

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.