Cerity Partners LLC Makes New $274,000 Investment in HCI Group, Inc. (NYSE:HCI)

Key Points

• Cerity Partners LLC invested approximately $274,000 in HCI Group by purchasing 1,838 shares, as reported in their latest SEC filing.
• HCI Group beat earnings expectations with a reported $5.35 EPS, surpassing analyst estimates of $4.49.
• The company announced a quarterly dividend of $0.40 per share, with a dividend yield of 1.16%, set to be paid on September 19th.

Cerity Partners LLC acquired a new position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,838 shares of the insurance provider's stock, valued at approximately $274,000.

Several other large investors also recently added to or reduced their stakes in HCI. Wasatch Advisors LP grew its stake in shares of HCI Group by 288.9% during the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock valued at $34,300,000 after buying an additional 218,664 shares during the last quarter. Khrom Capital Management LLC grew its stake 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 valued at $92,778,000 after buying an additional 136,642 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of HCI Group by 15.7% during 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. grew its stake in shares of 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 last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of HCI Group by 17,305.3% in the first quarter. GAMMA Investing LLC now owns 88,941 shares of the insurance provider's stock valued at $132,730,000 after purchasing an additional 88,430 shares during the period. 86.99% of the stock is owned by institutional investors.

HCI Group Stock Up 0.5%

HCI Group stock traded up $0.74 during mid-day trading on Thursday, reaching $140.76. 15,849 shares of the company were exchanged, compared to its average volume of 132,223. The business has a fifty day moving average of $151.10 and a 200 day moving average of $141.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $1.63 billion, a P/E ratio of 13.60 and a beta of 1.21. HCI Group, Inc. has a 12-month low of $87.00 and a 12-month high of $176.40.

HCI Group (NYSE:HCI - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $214.89 million. HCI Group had a return on equity of 27.69% and a net margin of 17.38%. Research analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. HCI Group's dividend payout ratio is currently 15.47%.

Wall Street Analyst Weigh In

HCI has been the subject of a number of research reports. JMP Securities boosted their price target on HCI Group from $210.00 to $225.00 and gave the company a "market outperform" rating in a report on Monday, May 19th. Compass Point upgraded HCI Group from a "neutral" rating to a "buy" rating and boosted 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 assigned a buy rating to the stock. According to data from MarketBeat, HCI Group presently has a consensus rating of "Moderate Buy" and an average target price of $181.25.

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.