AQR Capital Management LLC Has $6.24 Million Position in HCI Group, Inc. (NYSE:HCI)

AQR Capital Management LLC trimmed its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,513 shares of the insurance provider's stock after selling 3,998 shares during the quarter. AQR Capital Management LLC owned about 0.51% of HCI Group worth $6,236,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HCI. Wasatch Advisors LP increased its position in HCI Group by 288.9% during the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock worth $34,300,000 after acquiring an additional 218,664 shares during the period. Khrom Capital Management LLC increased its position in HCI Group by 20.7% during the fourth quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider's stock worth $92,778,000 after acquiring an additional 136,642 shares during the period. Hood River Capital Management LLC increased its position in HCI Group by 15.7% during the fourth quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider's stock worth $109,538,000 after acquiring an additional 127,332 shares during the period. Invesco Ltd. increased its position in HCI Group by 93.0% during the fourth quarter. Invesco Ltd. now owns 113,710 shares of the insurance provider's stock worth $13,251,000 after acquiring an additional 54,803 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in HCI Group by 80.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock worth $11,781,000 after acquiring an additional 45,920 shares during the period. 86.99% of the stock is owned by institutional investors.

HCI Group Price Performance

HCI Group stock traded up $2.62 during trading hours on Tuesday, reaching $165.90. 26,691 shares of the stock were exchanged, compared to its average volume of 139,624. The company has a market cap of $1.79 billion, a P/E ratio of 13.86 and a beta of 1.23. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a twelve month low of $83.65 and a twelve month high of $176.40. The stock has a 50 day moving average of $143.71 and a two-hundred day moving average of $126.89.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.86. The firm had revenue of $216.43 million for the quarter, compared to the consensus estimate of $214.89 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Equities analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. HCI Group's payout ratio is currently 15.47%.

Analyst Upgrades and Downgrades

Separately, JMP Securities increased their price objective on shares of HCI Group from $165.00 to $210.00 and gave the stock a "market outperform" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.25.

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.