Campbell & CO Investment Adviser LLC Buys New Position in HCI Group, Inc. (NYSE:HCI)

Campbell & CO Investment Adviser LLC bought a new stake in HCI Group, Inc. (NYSE:HCIFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,560 shares of the insurance provider’s stock, valued at approximately $399,000. Campbell & CO Investment Adviser LLC owned 0.05% of HCI Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HCI. GSA Capital Partners LLP lifted its position in HCI Group by 100.6% during the 3rd quarter. GSA Capital Partners LLP now owns 21,527 shares of the insurance provider’s stock worth $1,169,000 after acquiring an additional 10,797 shares during the period. Federated Hermes Inc. acquired a new stake in HCI Group during the 4th quarter worth approximately $642,000. Yousif Capital Management LLC acquired a new stake in HCI Group during the 4th quarter worth approximately $335,000. Quadrature Capital Ltd lifted its position in HCI Group by 253.1% during the 3rd quarter. Quadrature Capital Ltd now owns 19,151 shares of the insurance provider’s stock worth $1,039,000 after acquiring an additional 13,728 shares during the period. Finally, Barclays PLC lifted its position in HCI Group by 54.7% during the 3rd quarter. Barclays PLC now owns 4,962 shares of the insurance provider’s stock worth $270,000 after acquiring an additional 1,754 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HCI Group

In other news, General Counsel Andrew L. Graham sold 29,008 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $117.01, for a total transaction of $3,394,226.08. Following the sale, the general counsel now owns 21,819 shares in the company, valued at $2,553,041.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Andrew L. Graham sold 29,008 shares of HCI Group stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $117.01, for a total value of $3,394,226.08. Following the transaction, the general counsel now owns 21,819 shares in the company, valued at $2,553,041.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Andrew L. Graham sold 800 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were 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 in the company, valued at $6,709,284.60. The disclosure for this sale can be found here. Insiders have sold 113,102 shares of company stock worth $13,198,303 over the last quarter. 25.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HCI. Oppenheimer reaffirmed an “outperform” rating and set a $140.00 price objective on shares of HCI Group in a research report on Friday, April 5th. JMP Securities increased their target price on HCI Group from $120.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 9th. Compass Point increased their target price on HCI Group from $90.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. StockNews.com raised HCI Group from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Finally, William Blair raised HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $127.75.

Check Out Our Latest Stock Analysis on HCI Group

HCI Group Stock Performance

NYSE HCI opened at $96.61 on Tuesday. HCI Group, Inc. has a 1-year low of $48.84 and a 1-year high of $121.57. The company has a market capitalization of $1.01 billion, a P/E ratio of 9.83 and a beta of 1.11. The business has a 50 day moving average price of $106.73 and a 200 day moving average price of $99.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.61.

HCI Group (NYSE:HCIGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $3.65 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.91. The company had revenue of $206.61 million during the quarter, compared to the consensus estimate of $189.17 million. HCI Group had a return on equity of 40.30% and a net margin of 17.72%. Sell-side analysts expect that HCI Group, Inc. will post 11.68 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, May 16th. HCI Group’s dividend payout ratio (DPR) is 16.28%.

HCI Group Profile

(Free Report)

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.

Further Reading

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

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