Walleye Capital LLC Takes Position in HCI Group, Inc. $HCI

Walleye Capital LLC acquired a new stake in HCI Group, Inc. (NYSE:HCI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,515 shares of the insurance provider’s stock, valued at approximately $1,317,000. Walleye Capital LLC owned 0.06% of HCI Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Torren Management LLC purchased a new position in HCI Group during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC grew its stake in shares of HCI Group by 519.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock valued at $31,000 after buying an additional 135 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of HCI Group by 62.8% during the 4th 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 last quarter. Finally, Global Assets Advisory LLC acquired a new stake in shares of HCI Group during the 1st quarter worth approximately $46,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Zacks Research lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Citizens Jmp increased their price objective on HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a research report on Friday, August 7th. Cantor Fitzgerald started coverage on HCI Group in a research note on Thursday, July 9th. They set an “overweight” rating and a $225.00 target price for the company. Weiss Ratings downgraded HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, HCI Group presently has an average rating of “Moderate Buy” and an average target price of $241.67.

HCI Group Price Performance

HCI Group stock opened at $184.97 on Friday. The company’s 50 day simple moving average is $175.82 and its 200-day simple moving average is $163.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.69. HCI Group, Inc. has a 1 year low of $144.75 and a 1 year high of $210.50. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 7.97 and a beta of 1.04.

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 firm had revenue of $246.65 million during the quarter, compared to analysts’ expectations of $247.43 million. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. As a group, equities research analysts expect that HCI Group, Inc. will post 19.02 earnings per share for the current year.

HCI Group Dividend Announcement

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

About HCI Group

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.