Freestone Grove Partners LP Invests $30.77 Million in HCI Group, Inc. $HCI

Freestone Grove Partners LP acquired a new position in shares of HCI Group, Inc. (NYSE:HCI) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 175,557 shares of the insurance provider’s stock, valued at approximately $30,766,000.

A number of other large investors also recently bought and sold shares of HCI. Farther Finance Advisors LLC boosted its stake in HCI Group by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after buying an additional 71 shares during the period. NDVR Inc. raised its stake in shares of HCI Group by 7.0% in the 4th quarter. NDVR Inc. now owns 1,236 shares of the insurance provider’s stock valued at $237,000 after acquiring an additional 81 shares during the period. Captrust Financial Advisors lifted its holdings in shares of HCI Group by 2.0% in the 4th quarter. Captrust Financial Advisors now owns 4,711 shares of the insurance provider’s stock worth $903,000 after acquiring an additional 91 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of HCI Group by 2.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,794 shares of the insurance provider’s stock worth $920,000 after acquiring an additional 94 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of HCI Group by 1.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 6,011 shares of the insurance provider’s stock worth $929,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Performance

Shares of HCI stock opened at $186.56 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03. HCI Group, Inc. has a 52 week low of $144.75 and a 52 week high of $210.50. The stock has a market capitalization of $2.32 billion, a PE ratio of 8.04 and a beta of 1.04. The firm has a 50 day moving average of $180.00 and a two-hundred day moving average of $165.65.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.56. The business had revenue of $246.65 million for the quarter, compared to analyst estimates of $247.43 million. HCI Group had a return on equity of 28.80% and a net margin of 32.60%. On average, research analysts predict that HCI Group, Inc. will post 19.47 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. HCI Group’s payout ratio is presently 6.90%.

Analyst Ratings Changes

Several analysts recently weighed in on HCI shares. Cantor Fitzgerald started coverage on shares of HCI Group in a report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 target price for the company. Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Citigroup reiterated a “market outperform” rating on shares of HCI Group in a report on Friday, August 7th. Citizens Jmp increased their target price on HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Finally, Weiss Ratings cut HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.67.

HCI Group Profile

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.