Emerald Acquisition Ltd. acquired a new stake in HCI Group Inc. (NYSE:HCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,210 shares of the company’s stock, valued at approximately $1,042,000. Emerald Acquisition Ltd. owned approximately 0.36% of HCI Group as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HCI. Prudential Financial Inc. boosted its position in HCI Group by 4.7% in the first quarter. Prudential Financial Inc. now owns 148,931 shares of the company’s stock valued at $4,959,000 after buying an additional 6,668 shares in the last quarter. Teachers Advisors Inc. boosted its position in HCI Group by 7.7% in the first quarter. Teachers Advisors Inc. now owns 296,217 shares of the company’s stock valued at $9,864,000 after buying an additional 21,242 shares in the last quarter. Foundry Partners LLC boosted its position in HCI Group by 47.4% in the second quarter. Foundry Partners LLC now owns 119,800 shares of the company’s stock valued at $3,268,000 after buying an additional 38,520 shares in the last quarter. Hancock Holding Co. boosted its position in HCI Group by 1.1% in the first quarter. Hancock Holding Co. now owns 230,840 shares of the company’s stock valued at $7,687,000 after buying an additional 2,470 shares in the last quarter. Finally, Societe Generale purchased a new position in HCI Group during the second quarter valued at $377,000. 66.58% of the stock is owned by institutional investors.
Shares of HCI Group Inc. (NYSE:HCI) traded down 1.59% on Monday, reaching $28.47. The company had a trading volume of 67,396 shares. HCI Group Inc. has a 12 month low of $24.35 and a 12 month high of $45.50. The stock has a market cap of $295.75 million, a PE ratio of 9.14 and a beta of 2.16. The stock has a 50-day moving average price of $30.84 and a 200-day moving average price of $30.71.
HCI Group (NYSE:HCI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.34. HCI Group had a return on equity of 13.37% and a net margin of 12.77%. The business earned $61.52 million during the quarter, compared to the consensus estimate of $64.86 million. During the same period last year, the business posted $1.93 earnings per share. The business’s revenue was down 22.2% on a year-over-year basis. Analysts predict that HCI Group Inc. will post $2.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 19th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Wednesday, August 17th. HCI Group’s dividend payout ratio (DPR) is presently 39.09%.
Separately, JMP Securities reduced their price target on HCI Group from $40.00 to $38.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $45.50.
About HCI Group
HCI Group, Inc (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations.
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