Cookson Peirce & Co. Inc. Makes New $697,000 Investment in HCI Group, Inc. $HCI

Cookson Peirce & Co. Inc. bought a new position in HCI Group, Inc. (NYSE:HCI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,580 shares of the insurance provider’s stock, valued at approximately $697,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Assets Advisory LLC purchased a new stake in HCI Group in the second quarter worth approximately $46,000. USA Financial Formulas boosted its stake in HCI Group by 250.0% in the second quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock worth $79,000 after buying an additional 370 shares in the last quarter. GAMMA Investing LLC boosted its stake in HCI Group by 16.6% in the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock worth $89,000 after buying an additional 85 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in HCI Group by 825.7% in the first quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock worth $97,000 after buying an additional 578 shares in the last quarter. Finally, Simplex Trading LLC purchased a new stake in HCI Group in the first quarter worth approximately $148,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on HCI shares. Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of HCI Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $181.25.

HCI Group Stock Performance

NYSE:HCI opened at $200.97 on Thursday. The firm has a market cap of $2.60 billion, a PE ratio of 17.82 and a beta of 1.17. HCI Group, Inc. has a fifty-two week low of $105.00 and a fifty-two week high of $201.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The business has a 50 day moving average price of $179.28 and a 200-day moving average price of $160.05.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, beating analysts’ consensus estimates of $4.47 by $0.71. HCI Group had a return on equity of 25.84% and a net margin of 18.58%.The firm had revenue of $221.92 million during the quarter, compared to analyst estimates of $218.98 million. Equities research analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. HCI Group’s dividend payout ratio (DPR) is presently 14.18%.

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.