Inspire Investing LLC Acquires 4,024 Shares of HCI Group, Inc. $HCI

Inspire Investing LLC lifted its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 59.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,792 shares of the insurance provider’s stock after purchasing an additional 4,024 shares during the quarter. Inspire Investing LLC owned approximately 0.08% of HCI Group worth $1,669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in HCI Group by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock worth $160,947,000 after buying an additional 32,167 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of HCI Group by 6.7% during the 3rd quarter. American Century Companies Inc. now owns 556,670 shares of the insurance provider’s stock valued at $106,842,000 after acquiring an additional 35,029 shares during the last quarter. State Street Corp increased its holdings in shares of HCI Group by 4.7% during the 4th quarter. State Street Corp now owns 384,788 shares of the insurance provider’s stock valued at $73,760,000 after acquiring an additional 17,299 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of HCI Group by 16.7% in the 3rd quarter. Wellington Management Group LLP now owns 352,935 shares of the insurance provider’s stock valued at $67,739,000 after acquiring an additional 50,378 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of HCI Group by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 318,536 shares of the insurance provider’s stock valued at $61,060,000 after acquiring an additional 22,261 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Weiss Ratings raised HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Zacks Research lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, HCI Group presently has a consensus rating of “Moderate Buy” and an average price target of $245.00.

HCI Group Trading Down 1.7%

HCI Group stock opened at $175.43 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50-day simple moving average is $158.87 and its 200-day simple moving average is $164.17. The firm has a market capitalization of $2.24 billion, a PE ratio of 7.70 and a beta of 1.08. HCI Group, Inc. has a 52 week low of $136.37 and a 52 week high of $210.50.

HCI Group (NYSE:HCI) last announced its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $5.26 by $0.19. The firm had revenue of $242.88 million during the quarter, compared to the consensus estimate of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. Equities research analysts forecast that HCI Group, Inc. will post 18.07 earnings per share for the current year.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 15th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 15th. HCI Group’s dividend payout ratio is currently 7.02%.

HCI Group Company 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.