6 Meridian lifted its position in HCI Group Inc (NYSE:HCI) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,917 shares of the insurance provider’s stock after purchasing an additional 1,233 shares during the quarter. 6 Meridian owned 0.25% of HCI Group worth $909,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can grew its holdings in shares of HCI Group by 108.8% in the 2nd quarter. Bank of Montreal Can now owns 1,094 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 570 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of HCI Group in the 3rd quarter worth about $83,000. Assetmark Inc. grew its holdings in shares of HCI Group by 412.2% in the 2nd quarter. Assetmark Inc. now owns 2,259 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 1,818 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in shares of HCI Group by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 3,660 shares of the insurance provider’s stock worth $154,000 after purchasing an additional 288 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of HCI Group by 119.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,028 shares of the insurance provider’s stock worth $211,000 after purchasing an additional 2,740 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE HCI opened at $45.25 on Wednesday. The firm’s 50-day simple moving average is $45.88 and its 200 day simple moving average is $42.74. The company has a market cap of $368.71 million, a price-to-earnings ratio of 14.01 and a beta of 0.71. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. HCI Group Inc has a 12-month low of $36.72 and a 12-month high of $51.30.
HCI Group (NYSE:HCI) last issued its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. The business had revenue of $59.98 million for the quarter, compared to the consensus estimate of $57.39 million. HCI Group had a net margin of 5.32% and a return on equity of 5.92%. On average, equities analysts expect that HCI Group Inc will post 2.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.60 annualized dividend and a yield of 3.54%. HCI Group’s dividend payout ratio (DPR) is 49.54%.
In other HCI Group news, Director James J. Macchiarola bought 1,500 shares of the business’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $45.47 per share, for a total transaction of $68,205.00. Following the transaction, the director now owns 9,000 shares in the company, valued at approximately $409,230. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Wayne Burks bought 4,400 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of $44.67 per share, for a total transaction of $196,548.00. 24.12% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of HCI Group from a “sell” rating to a “hold” rating in a report on Saturday, January 4th. ValuEngine downgraded shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TheStreet downgraded shares of HCI Group from a “b” rating to a “c+” rating in a research report on Tuesday, November 5th.
About HCI Group
HCI Group, Inc engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners insurance, flood insurance, and wind-only insurance to homeowners, condominium owners, and tenants, as well as offers reinsurance programs.
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