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

Bernzott Capital Advisors cut its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 29.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,820 shares of the insurance provider's stock after selling 22,969 shares during the period. HCI Group accounts for 4.0% of Bernzott Capital Advisors' holdings, making the stock its 2nd biggest position. Bernzott Capital Advisors owned about 0.50% of HCI Group worth $8,032,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of HCI Group by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock valued at $89,000 after buying an additional 85 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of HCI Group in the fourth quarter valued at approximately $175,000. CCG Wealth Management LLC purchased a new stake in shares of HCI Group during the 1st quarter worth approximately $246,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in HCI Group in the 4th quarter valued at $211,000. Finally, Cerity Partners LLC acquired a new position in shares of HCI Group during the first quarter worth about $274,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HCI has been the subject of a number of recent research reports. JMP Securities lifted their price target 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 target for the company from $148.00 to $205.00 in a report on Friday, May 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $181.25.

HCI Group Trading Up 0.7%

Shares of HCI Group stock traded up $1.06 during trading on Monday, hitting $144.20. The stock had a trading volume of 34,914 shares, compared to its average volume of 140,039. 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 company has a market capitalization of $1.67 billion, a PE ratio of 13.95 and a beta of 1.21. The stock has a 50 day simple moving average of $154.99 and a 200 day simple moving average of $140.58. HCI Group, Inc. has a 1 year low of $87.01 and a 1 year 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, topping analysts' consensus estimates of $4.49 by $0.86. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. The business had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. On average, research analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. HCI Group's dividend payout ratio is presently 15.47%.

HCI Group Company 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.