Tweedy Browne Co LLC Has $1.80 Million Holdings in HCI Group, Inc. $HCI

Tweedy Browne Co LLC lifted its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 97.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,394 shares of the insurance provider’s stock after purchasing an additional 4,634 shares during the quarter. Tweedy Browne Co LLC owned 0.07% of HCI Group worth $1,803,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HCI. Marshall Wace LLP increased its position in shares of HCI Group by 107.3% in the second quarter. Marshall Wace LLP now owns 158,224 shares of the insurance provider’s stock worth $24,082,000 after purchasing an additional 81,884 shares during the period. Envestnet Asset Management Inc. raised its position in shares of HCI Group by 175.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,985 shares of the insurance provider’s stock valued at $2,684,000 after buying an additional 8,899 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of HCI Group by 15.2% during the 2nd quarter. American Century Companies Inc. now owns 521,641 shares of the insurance provider’s stock worth $79,394,000 after acquiring an additional 68,860 shares during the period. Sierra Summit Advisors LLC acquired a new stake in shares of HCI Group during the 2nd quarter worth approximately $675,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of HCI Group by 20.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 36,235 shares of the insurance provider’s stock worth $5,515,000 after acquiring an additional 6,090 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on HCI shares. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of HCI Group in a report on Monday, December 29th. Finally, Citigroup reiterated a “market outperform” rating on shares of HCI Group in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $231.67.

HCI Group Stock Down 2.2%

HCI stock opened at $161.19 on Wednesday. The firm has a 50-day moving average price of $164.94 and a 200-day moving average price of $178.41. HCI Group, Inc. has a 12 month low of $129.58 and a 12 month high of $210.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.09 billion, a P/E ratio of 7.11 and a beta of 1.19.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.87 by $2.38. The company had revenue of $246.24 million for the quarter, compared to analyst estimates of $232.36 million. HCI Group had a net margin of 33.19% and a return on equity of 36.34%. As a group, equities research analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, February 20th. HCI Group’s payout ratio is presently 7.05%.

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.