HCI Group, Inc. (NYSE:HCI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in HCI Group, Inc. (NYSE:HCIFree Report) by 63.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,008 shares of the insurance provider’s stock after selling 22,307 shares during the period. Assenagon Asset Management S.A.’s holdings in HCI Group were worth $1,516,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of HCI Group by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 339,951 shares of the insurance provider’s stock worth $31,333,000 after acquiring an additional 17,077 shares in the last quarter. Hsbc Holdings PLC increased its stake in HCI Group by 97.3% in the second quarter. Hsbc Holdings PLC now owns 4,978 shares of the insurance provider’s stock valued at $461,000 after purchasing an additional 2,455 shares during the last quarter. Intech Investment Management LLC acquired a new stake in HCI Group during the second quarter worth approximately $201,000. Thrivent Financial for Lutherans raised its holdings in HCI Group by 2.9% during the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock worth $561,000 after purchasing an additional 174 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of HCI Group by 15.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 16,114 shares of the insurance provider’s stock worth $1,485,000 after buying an additional 2,141 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Stock Down 2.5 %

Shares of NYSE:HCI opened at $122.40 on Friday. HCI Group, Inc. has a 1-year low of $83.64 and a 1-year high of $126.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $1.29 billion, a P/E ratio of 10.23 and a beta of 1.13. The firm has a fifty day moving average price of $115.46 and a 200 day moving average price of $106.29.

HCI Group (NYSE:HCIGet Free Report) last announced its earnings results on Thursday, November 7th. The insurance provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. The business had revenue of $175.32 million during the quarter, compared to the consensus estimate of $192.08 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Sell-side analysts predict that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. HCI Group’s dividend payout ratio (DPR) is currently 13.37%.

Wall Street Analysts Forecast Growth

HCI has been the topic of several research analyst reports. Oppenheimer lifted their price target on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Compass Point reissued a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Finally, Truist Financial restated a “buy” rating and set a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, HCI Group currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Read Our Latest Analysis on HCI Group

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.

See Also

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

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