FJ Capital Management LLC Has $3.65 Million Stake in HCI Group, Inc. $HCI

FJ Capital Management LLC decreased its position in shares of HCI Group, Inc. (NYSE:HCI) by 35.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,019 shares of the insurance provider’s stock after selling 10,548 shares during the period. FJ Capital Management LLC’s holdings in HCI Group were worth $3,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HCI. Royal Bank of Canada lifted its position in HCI Group by 5.5% during the 1st quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock worth $2,093,000 after acquiring an additional 727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in HCI Group by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock worth $736,000 after acquiring an additional 228 shares during the last quarter. Millennium Management LLC lifted its position in HCI Group by 78.7% during the 1st quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock worth $15,278,000 after acquiring an additional 45,097 shares during the last quarter. Russell Investments Group Ltd. lifted its position in HCI Group by 115.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,399 shares of the insurance provider’s stock worth $213,000 after acquiring an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 184 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Trading Down 1.2%

Shares of HCI opened at $160.25 on Friday. HCI Group, Inc. has a 1 year low of $136.37 and a 1 year 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 stock has a 50 day simple moving average of $155.01 and a 200-day simple moving average of $164.64. The stock has a market cap of $2.05 billion, a PE ratio of 7.03 and a beta of 1.08.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $5.26 by $0.19. The firm had revenue of $242.88 million for the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. On average, sell-side analysts predict that HCI Group, Inc. will post 18.07 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. HCI Group’s dividend payout ratio is currently 7.02%.

Analyst Ratings Changes

A number of research analysts have weighed in on HCI shares. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings raised shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, HCI Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.00.

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.