Bernzott Capital Advisors Has $8.03 Million Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Bernzott Capital Advisors trimmed its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 29.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,820 shares of the insurance provider's stock after selling 22,969 shares during the period. HCI Group makes up 4.0% of Bernzott Capital Advisors' portfolio, making the stock its 2nd biggest holding. Bernzott Capital Advisors owned approximately 0.50% of HCI Group worth $8,032,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in HCI Group by 16.6% during the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock worth $89,000 after purchasing an additional 85 shares during the period. Aquatic Capital Management LLC lifted its stake in HCI Group by 1.7% during the fourth quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider's stock worth $664,000 after purchasing an additional 94 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in HCI Group by 5.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider's stock worth $548,000 after purchasing an additional 247 shares during the period. SG Americas Securities LLC lifted its stake in HCI Group by 4.1% during the first quarter. SG Americas Securities LLC now owns 6,676 shares of the insurance provider's stock worth $996,000 after purchasing an additional 265 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in HCI Group by 7.0% during the fourth quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider's stock worth $585,000 after purchasing an additional 328 shares during the period. Institutional investors own 86.99% of the company's stock.

Analyst Upgrades and Downgrades

HCI has been the subject of several recent analyst reports. JMP Securities raised their price objective on shares of 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 raised shares of HCI Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $148.00 to $205.00 in a report on Friday, May 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $181.25.

HCI Group Trading Up 1.1%

HCI stock traded up $1.55 during midday trading on Friday, reaching $145.58. The company's stock had a trading volume of 22,643 shares, compared to its average volume of 133,268. HCI Group, Inc. has a 52 week low of $87.00 and a 52 week high of $176.40. The stock has a market cap of $1.68 billion, a PE ratio of 14.08 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. The business's 50-day simple moving average is $155.68 and its 200-day simple moving average is $139.85.

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

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, August 15th. HCI Group's dividend payout ratio (DPR) is presently 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.

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