FJ Capital Management LLC Has $7.29 Million Holdings in HCI Group, Inc. $HCI

Key Points

• FJ Capital Management LLC reduced its stake in HCI Group by 21.5%, selling 13,380 shares, and now holds 48,870 shares valued at approximately $7.3 million.
• HCI Group received positive ratings upgrades from analysts, with price targets increasing from $148.00 to $205.00 and $210.00 to $225.00, indicating strong market confidence.
• The company announced a quarterly dividend of $0.40 per share, representing an annualized yield of 1.0%, with a payout ratio of 14.18%.

FJ Capital Management LLC decreased its holdings in HCI Group, Inc. (NYSE:HCI - Free Report) by 21.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,870 shares of the insurance provider's stock after selling 13,380 shares during the quarter. FJ Capital Management LLC owned 0.45% of HCI Group worth $7,293,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HCI. GAMMA Investing LLC raised its stake in shares of HCI Group by 16.6% in 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 in the last quarter. Russell Investments Group Ltd. raised its stake in shares of HCI Group by 825.7% in the 1st quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider's stock valued at $97,000 after buying an additional 578 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of HCI Group during the 1st quarter worth about $148,000. Cresset Asset Management LLC acquired a new stake in shares of HCI Group during the 1st quarter worth about $209,000. Finally, CCG Wealth Management LLC acquired a new stake in shares of HCI Group during the 1st quarter worth about $246,000. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Price Performance

HCI traded down $4.01 during midday trading on Friday, hitting $170.37. The company had a trading volume of 168,259 shares, compared to its average volume of 130,378. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $2.21 billion, a PE ratio of 15.10 and a beta of 1.18. HCI Group, Inc. has a twelve month low of $91.06 and a twelve month high of $176.40. The firm's 50-day simple moving average is $150.18 and its 200-day simple moving average is $148.33.

HCI Group (NYSE:HCI - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $218.98 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. Equities research analysts predict 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. Shareholders of record on Friday, August 15th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 15th. HCI Group's dividend payout ratio (DPR) is presently 14.18%.

Analyst Ratings Changes

HCI has been the subject of a number of recent analyst reports. JMP Securities increased their target price on shares of HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a research report on Monday, May 19th. Wall Street Zen cut shares of HCI Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. Finally, Compass Point upgraded shares of HCI Group from a "neutral" rating to a "buy" rating and increased their target price for the stock from $148.00 to $205.00 in a research report on Friday, May 30th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, HCI Group has a consensus rating of "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.