Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Holdings in HCI Group, Inc. $HCI

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of HCI Group, Inc. (NYSE:HCI) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,235 shares of the insurance provider’s stock after buying an additional 6,090 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.31% of HCI Group worth $5,515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Assets Advisory LLC purchased a new position in HCI Group during the 2nd quarter valued at about $46,000. USA Financial Formulas increased its stake in shares of HCI Group by 250.0% during the second quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 370 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of HCI Group by 825.7% during the first quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 578 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of HCI Group by 24.5% during the second quarter. GAMMA Investing LLC now owns 742 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 146 shares during the last quarter. Finally, Simplex Trading LLC bought a new stake in shares of HCI Group in the 1st quarter worth approximately $148,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HCI has been the topic of several analyst reports. Wall Street Zen raised HCI Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Citizens Jmp upped their price target on shares of HCI Group from $225.00 to $255.00 and gave the stock a “market outperform” rating in a research note on Monday, November 10th. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Truist Financial lifted their target price on shares of HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of HCI Group in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $230.00.

HCI Group Stock Performance

Shares of HCI stock opened at $172.47 on Friday. HCI Group, Inc. has a 52 week low of $106.89 and a 52 week high of $210.50. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of $189.79 and a 200-day moving average price of $167.37. The firm has a market capitalization of $2.24 billion, a PE ratio of 15.29 and a beta of 1.16.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, November 6th. The insurance provider reported $4.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $2.46. The firm had revenue of $216.35 million during the quarter, compared to analysts’ expectations of $223.53 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. As a group, equities research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 21st. HCI Group’s payout ratio is currently 10.22%.

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.