Caxton Associates LLP Buys Shares of 3,291 HCI Group, Inc. $HCI

Key Points

• Caxton Associates LLP acquired a new position in HCI Group, Inc., purchasing 3,291 shares valued at approximately $491,000 during the 1st quarter.
• Analysts have shown a positive outlook, with JMP Securities raising HCI Group's price objective from $210.00 to $225.00 and a market outperform rating.
• HCI Group recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 0.9%.

Caxton Associates LLP purchased a new stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,291 shares of the insurance provider's stock, valued at approximately $491,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HCI. Simplex Trading LLC purchased a new stake in HCI Group in the 1st quarter worth approximately $148,000. GAMMA Investing LLC increased its holdings in HCI Group by 16.6% in the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock worth $89,000 after acquiring an additional 85 shares in the last quarter. Principal Financial Group Inc. increased its holdings in HCI Group by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 61,664 shares of the insurance provider's stock worth $9,202,000 after acquiring an additional 1,332 shares in the last quarter. Victory Capital Management Inc. increased its holdings in HCI Group by 6.7% in the 1st quarter. Victory Capital Management Inc. now owns 22,897 shares of the insurance provider's stock worth $3,417,000 after acquiring an additional 1,443 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in HCI Group by 208.3% during the 4th quarter. Bank of America Corp DE now owns 36,863 shares of the insurance provider's stock valued at $4,296,000 after buying an additional 24,907 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Stock Performance

NYSE:HCI traded up $4.16 during trading hours on Wednesday, reaching $182.28. The company had a trading volume of 18,324 shares, compared to its average volume of 134,631. HCI Group, Inc. has a 1-year low of $91.06 and a 1-year high of $183.31. The firm has a market cap of $2.36 billion, a PE ratio of 16.16 and a beta of 1.18. The business's 50 day moving average price is $154.64 and its 200-day moving average price is $151.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71.

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

HCI Group Announces Dividend

The firm 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. HCI Group's dividend payout ratio is presently 14.18%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of HCI Group from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd. Compass Point upgraded HCI Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $148.00 to $205.00 in a research report on Friday, May 30th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $181.25.

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.