Dimensional Fund Advisors LP Grows Stock Position in HCI Group, Inc. $HCI

Dimensional Fund Advisors LP increased its stake in shares of HCI Group, Inc. (NYSE:HCI) by 11.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 354,884 shares of the insurance provider’s stock after purchasing an additional 36,348 shares during the period. Dimensional Fund Advisors LP’s holdings in HCI Group were worth $54,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Freestone Grove Partners LP raised its position in HCI Group by 353.6% during the 4th quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider’s stock worth $52,735,000 after buying an additional 214,464 shares during the last quarter. Danske Bank A S acquired a new stake in shares of HCI Group in the 3rd quarter worth $19,256,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of HCI Group by 129.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 125,399 shares of the insurance provider’s stock valued at $24,038,000 after acquiring an additional 70,662 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of HCI Group by 46.8% in the second quarter. Balyasny Asset Management L.P. now owns 185,430 shares of the insurance provider’s stock valued at $28,222,000 after acquiring an additional 59,134 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of HCI Group by 85.6% during the third quarter. Invesco Ltd. now owns 127,203 shares of the insurance provider’s stock worth $24,414,000 after acquiring an additional 58,663 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HCI has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on shares of HCI Group in a report on Thursday, July 9th. They set an “overweight” rating and a $225.00 price target for the company. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Wall Street Zen cut HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings raised HCI Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $238.33.

HCI Group Price Performance

HCI stock opened at $175.15 on Friday. The firm has a 50 day moving average of $170.09 and a 200-day moving average of $163.17. HCI Group, Inc. has a 12-month low of $136.37 and a 12-month high of $210.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 7.69 and a beta of 1.03.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, topping the consensus estimate of $5.26 by $0.19. The business had revenue of $242.88 million for the quarter, compared to analyst estimates of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. As a group, equities analysts expect that HCI Group, Inc. will post 18.29 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st. HCI Group’s payout ratio is presently 7.02%.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.