HCI Group, Inc. (NYSE:HCI) Shares Acquired by Assetmark Inc.

Assetmark Inc. raised its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,104 shares of the insurance provider's stock after acquiring an additional 2,558 shares during the quarter. Assetmark Inc. owned approximately 0.31% of HCI Group worth $4,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wasatch Advisors LP grew its holdings in HCI Group by 288.9% during the 4th 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 in the last quarter. Khrom Capital Management LLC increased its position in shares of 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 purchasing an additional 136,642 shares in the last quarter. Hood River Capital Management LLC lifted its stake in HCI Group by 15.7% in the fourth quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider's stock valued at $109,538,000 after buying an additional 127,332 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in HCI Group by 2,878.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 114,689 shares of the insurance provider's stock worth $13,365,000 after purchasing an additional 110,838 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of HCI Group by 17,305.3% during the first quarter. GAMMA Investing LLC now owns 88,941 shares of the insurance provider's stock worth $132,730,000 after buying an additional 88,430 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JMP Securities increased their price target on HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a report on Monday, May 19th. Compass Point upgraded shares of HCI Group from a "neutral" rating to a "buy" rating and boosted their price target 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.25.

HCI Group Price Performance

Shares of HCI Group stock traded down $0.35 during trading on Friday, reaching $139.69. The company's stock had a trading volume of 38,255 shares, compared to its average volume of 132,419. The business has a 50 day moving average price of $150.64 and a 200-day moving average price of $141.89. HCI Group, Inc. has a 12-month low of $87.00 and a 12-month high of $176.40. The company has a market capitalization of $1.61 billion, a P/E ratio of 13.50 and a beta of 1.21. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.34.

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

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. HCI Group's payout ratio is 15.47%.

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.