HCI Group, Inc. (NYSE:HCI) Holdings Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in shares of HCI Group, Inc. (NYSE:HCI) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,288 shares of the insurance provider’s stock after selling 2,982 shares during the quarter. Los Angeles Capital Management LLC’s holdings in HCI Group were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HCI. Quest Partners LLC bought a new stake in shares of HCI Group during the 4th quarter worth about $28,000. Gladius Capital Management LP acquired a new position in shares of HCI Group in the 2nd quarter worth approximately $31,000. CWM LLC grew its stake in shares of HCI Group by 115.4% in the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after purchasing an additional 495 shares during the last quarter. Arizona State Retirement System grew its stake in shares of HCI Group by 11.3% in the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock worth $206,000 after purchasing an additional 227 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of HCI Group in the 2nd quarter worth approximately $217,000. 86.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JMP Securities lifted their price objective on shares of HCI Group from $135.00 to $145.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. StockNews.com cut shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $130.25.

HCI Group Stock Performance

HCI Group stock opened at $95.58 on Wednesday. The firm’s 50 day simple moving average is $92.15 and its 200-day simple moving average is $100.43. The company has a market cap of $1.00 billion, a P/E ratio of 9.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44. HCI Group, Inc. has a fifty-two week low of $50.01 and a fifty-two week high of $121.57.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.63. The business had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. During the same period last year, the firm posted $1.22 earnings per share. As a group, equities research analysts predict that HCI Group, Inc. will post 12.37 EPS for the current year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.60 annualized dividend and a yield of 1.67%. HCI Group’s dividend payout ratio is presently 16.28%.

HCI Group Company 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.