Bosun Asset Management LLC Acquires Shares of 5,500 HCI Group, Inc. $HCI

Key Points

• Bosun Asset Management LLC has acquired a new position in HCI Group, Inc., purchasing 5,500 shares worth approximately $821,000.
• Analyst ratings for HCI Group have improved, with Compass Point upgrading the stock to a "buy" rating and increasing its target price to $205.00.
• The recent earnings report shows HCI Group surpassed analysts' expectations with earnings per share of $5.18 and a net margin of 18.58%.

Bosun Asset Management LLC bought a new stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,500 shares of the insurance provider's stock, valued at approximately $821,000. Bosun Asset Management LLC owned approximately 0.05% of HCI Group as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HCI. American Century Companies Inc. grew its stake in HCI Group by 168.8% in the first quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider's stock worth $67,569,000 after purchasing an additional 284,315 shares during the period. Balyasny Asset Management L.P. lifted its position in HCI Group by 2,878.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 114,689 shares of the insurance provider's stock valued at $13,365,000 after buying an additional 110,838 shares during the period. GAMMA Investing LLC boosted its holdings in shares of HCI Group by 17,305.3% during the 1st quarter. GAMMA Investing LLC now owns 88,941 shares of the insurance provider's stock valued at $132,730,000 after buying an additional 88,430 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HCI Group in the 4th quarter worth about $3,526,000. Finally, Informed Momentum Co LLC purchased a new stake in shares of HCI Group in the 1st quarter worth about $4,068,000. Institutional investors own 86.99% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on HCI. Wall Street Zen downgraded HCI Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd. JMP Securities increased their target price on HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a research note on Monday, May 19th. Finally, Compass Point raised HCI Group from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $148.00 to $205.00 in a research report on Friday, May 30th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $181.25.

HCI Group Stock Performance

NYSE HCI traded up $4.71 during trading hours on Monday, hitting $175.27. The company's stock had a trading volume of 214,494 shares, compared to its average volume of 134,721. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $2.27 billion, a P/E ratio of 15.54 and a beta of 1.18. The company's 50 day simple moving average is $150.18 and its two-hundred day simple moving average is $148.74. HCI Group, Inc. has a 12 month low of $91.06 and a 12 month high of $180.47.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, beating the consensus estimate of $4.47 by $0.71. The firm had revenue of $221.92 million for the quarter, compared to analysts' expectations of $218.98 million. HCI Group had a return on equity of 25.84% and a net margin of 18.58%. As a group, sell-side analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. HCI Group's dividend payout ratio (DPR) is presently 14.18%.

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.