HighTower Advisors LLC Acquires 559 Shares of HCI Group, Inc. (NYSE:HCI)

HighTower Advisors LLC grew its position in shares of HCI Group, Inc. (NYSE:HCI) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,345 shares of the insurance provider’s stock after buying an additional 559 shares during the quarter. HighTower Advisors LLC’s holdings in HCI Group were worth $739,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Point72 DIFC Ltd lifted its holdings in HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after buying an additional 213 shares during the period. GAMMA Investing LLC increased its position in HCI Group by 28.4% during the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 113 shares during the period. Clare Market Investments LLC bought a new position in HCI Group in the 4th quarter worth $296,000. Ieq Capital LLC purchased a new stake in shares of HCI Group in the 4th quarter worth about $311,000. Finally, Precision Wealth Strategies LLC purchased a new stake in HCI Group in the fourth quarter worth about $432,000. 86.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial reiterated a “buy” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

HCI Group Trading Up 1.7 %

Shares of HCI stock opened at $150.68 on Friday. The firm’s 50 day moving average is $128.62 and its 200 day moving average is $118.15. The stock has a market capitalization of $1.62 billion, a P/E ratio of 12.59 and a beta of 1.14. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a 12-month low of $83.65 and a 12-month high of $150.96.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($2.75) by $3.06. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The business had revenue of $161.88 million for the quarter, compared to analysts’ expectations of $175.11 million. Research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were given a $0.40 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. HCI Group’s payout ratio is 18.18%.

HCI Group Profile

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.