HCI Group, Inc. (NYSE:HCI) Stock Holdings Lowered by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lessened its position in HCI Group, Inc. (NYSE:HCI) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,234 shares of the insurance provider’s stock after selling 373 shares during the period. Baldwin Wealth Partners LLC MA owned approximately 0.11% of HCI Group worth $1,826,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of HCI Group in the fourth quarter valued at approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in HCI Group in the 4th quarter worth approximately $211,000. Jacobs Levy Equity Management Inc. bought a new position in HCI Group in the 4th quarter worth approximately $255,000. Integrated Quantitative Investments LLC acquired a new stake in HCI Group in the 4th quarter valued at approximately $281,000. Finally, ProShare Advisors LLC bought a new stake in HCI Group during the 4th quarter valued at $291,000. 86.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HCI has been the subject of a number of analyst reports. Compass Point upgraded HCI Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $148.00 to $205.00 in a research report on Friday, May 30th. JMP Securities upped their price objective on shares of HCI Group from $210.00 to $225.00 and gave the stock a “market outperform” rating in a report on Monday, May 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $181.25.

HCI Group Stock Up 0.2%

Shares of HCI stock opened at $168.13 on Monday. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $176.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The business’s fifty day moving average is $153.26 and its 200-day moving average is $133.60. The stock has a market cap of $1.94 billion, a PE ratio of 14.05 and a beta of 1.26.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.86. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The business had revenue of $216.43 million during the quarter, compared to analysts’ expectations of $214.89 million. Equities analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. HCI Group’s payout ratio is currently 15.47%.

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.