Great Lakes Advisors LLC Purchases New Shares in HCI Group, Inc. $HCI

Key Points

• Great Lakes Advisors bought 6,006 HCI Group shares worth approximately $1.05 million during the second quarter. Institutional investors collectively own 86.99% of the company.
• Analyst sentiment remains favorable, with five Buy ratings and two Holds; HCI has a “Moderate Buy” consensus rating and an average price target of $241.67.
• HCI reported quarterly EPS of $5.60, beating estimates of $5.04, and declared a quarterly dividend of $0.40 per share, equivalent to a 0.9% annual yield.

Great Lakes Advisors LLC purchased a new stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,006 shares of the insurance provider's stock, valued at approximately $1,053,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of HCI Group by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider's stock valued at $160,947,000 after acquiring an additional 32,167 shares during the period. Intech Investment Management LLC raised its holdings in HCI Group by 934.5% in the 4th quarter. Intech Investment Management LLC now owns 44,257 shares of the insurance provider's stock worth $8,484,000 after purchasing an additional 39,979 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in HCI Group in the 1st quarter worth about $2,302,000. Thrivent Financial for Lutherans raised its holdings in HCI Group by 642.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 67,460 shares of the insurance provider's stock worth $12,931,000 after purchasing an additional 58,377 shares during the period. Finally, Precision Wealth Strategies LLC purchased a new position in HCI Group during the first quarter worth approximately $934,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Citigroup reissued a "market outperform" rating on shares of HCI Group in a report on Friday, August 7th. Weiss Ratings lowered HCI Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Cantor Fitzgerald began coverage on shares of HCI Group in a research note on Thursday, July 9th. They issued an "overweight" rating and a $225.00 price target on the stock. Zacks Research lowered shares of HCI Group from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. Finally, Citizens Jmp upped their price objective on shares of HCI Group from $255.00 to $265.00 and gave the stock a "market outperform" rating in a research report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $241.67.

HCI Group Stock Performance

Shares of NYSE:HCI opened at $182.09 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.69 and a quick ratio of 0.69. The business's 50 day moving average price is $178.21 and its 200-day moving average price is $164.83. The firm has a market capitalization of $2.27 billion, a PE ratio of 7.85 and a beta of 1.04. HCI Group, Inc. has a 1 year low of $144.75 and a 1 year high of $210.50.

HCI Group (NYSE:HCI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $5.60 EPS for the quarter, beating the consensus estimate of $5.04 by $0.56. HCI Group had a return on equity of 28.80% and a net margin of 32.60%.The firm had revenue of $246.65 million during the quarter, compared to the consensus estimate of $247.43 million. As a group, equities research analysts expect that HCI Group, Inc. will post 19.47 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. HCI Group's dividend payout ratio (DPR) is currently 6.90%.

About HCI Group

HCI Group, Inc NYSE: HCI is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.

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