9,593 Shares in HCI Group, Inc. (NYSE:HCI) Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new position in HCI Group, Inc. (NYSE:HCI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,593 shares of the insurance provider's stock, valued at approximately $1,432,000. Axxcess Wealth Management LLC owned 0.09% of HCI Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of HCI Group by 16.6% during the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock valued at $89,000 after purchasing an additional 85 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of HCI Group in the fourth quarter worth $175,000. CCG Wealth Management LLC purchased a new position in shares of HCI Group in the first quarter worth $246,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of HCI Group in the fourth quarter worth $211,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of HCI Group in the fourth quarter worth $255,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on HCI shares. JMP Securities boosted their price target on HCI Group from $210.00 to $225.00 and gave the company a "market outperform" rating in a report on Monday, May 19th. Compass Point raised HCI Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $148.00 to $205.00 in a research note on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, HCI Group currently has a consensus rating of "Moderate Buy" and an average target price of $181.25.

HCI Group Trading Up 1.8%

Shares of HCI stock traded up $2.50 during trading on Monday, hitting $141.49. 150,221 shares of the stock traded hands, compared to its average volume of 140,129. The firm has a market capitalization of $1.63 billion, a P/E ratio of 13.68 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.56 and a quick ratio of 0.56. The firm's fifty day moving average price is $156.08 and its 200-day moving average price is $139.50. HCI Group, Inc. has a 52-week low of $87.01 and a 52-week high of $176.40.

HCI Group (NYSE:HCI - Get Free Report) last announced its earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.49 by $0.86. The company had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. HCI Group had a return on equity of 27.69% and a net margin of 17.38%. As a group, research analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be paid a $0.40 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. HCI Group's dividend payout ratio (DPR) is 15.47%.

About HCI Group

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.