HCI Group, Inc. $HCI Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its HCI Group stake by 11.4% in the first quarter, bringing its holdings to 354,884 shares valued at approximately $54.9 million. Institutional investors collectively own 86.99% of the insurer.
• HCI Group reported quarterly EPS of $5.45, beating estimates of $5.26, while revenue of $242.88 million fell slightly short of expectations. The stock was trading at $175.15, down 3.8%.
• The company announced a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and a 0.9% yield. Analysts maintain an average “Buy” rating with a consensus price target of $238.33.

Dimensional Fund Advisors LP boosted its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 354,884 shares of the insurance provider's stock after acquiring an additional 36,348 shares during the quarter. Dimensional Fund Advisors LP owned 2.76% of HCI Group worth $54,870,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HCI. Vanguard Group Inc. lifted 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 worth $160,947,000 after purchasing an additional 32,167 shares during the last quarter. State Street Corp increased its holdings in HCI Group by 4.7% in the fourth quarter. State Street Corp now owns 384,788 shares of the insurance provider's stock valued at $73,760,000 after buying an additional 17,299 shares during the last quarter. Wellington Management Group LLP raised its stake in HCI Group by 16.7% in the third quarter. Wellington Management Group LLP now owns 352,935 shares of the insurance provider's stock valued at $67,739,000 after buying an additional 50,378 shares in the last quarter. Freestone Grove Partners LP raised its stake in HCI Group by 353.6% in the fourth quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider's stock valued at $52,735,000 after buying an additional 214,464 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in HCI Group by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 272,976 shares of the insurance provider's stock valued at $52,333,000 after buying an additional 15,729 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Trading Down 3.8%

HCI opened at $175.15 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. HCI Group, Inc. has a 52 week low of $136.37 and a 52 week high of $210.50. The business's 50 day moving average is $170.09 and its two-hundred day moving average is $163.17. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 7.69 and a beta of 1.03.

HCI Group (NYSE:HCI - Get Free Report) last announced its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The business had revenue of $242.88 million for the quarter, compared to analyst estimates of $245.09 million. On average, research analysts predict that HCI Group, Inc. will post 18.29 EPS for the current year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. HCI Group's dividend payout ratio is presently 7.02%.

Wall Street Analysts Forecast Growth

HCI has been the subject of several analyst reports. Wall Street Zen cut HCI Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 11th. Weiss Ratings raised HCI Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday. Cantor Fitzgerald started coverage on HCI Group in a research note on Thursday, July 9th. They set an "overweight" rating and a $225.00 target price for the company. Finally, Zacks Research raised HCI Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $238.33.

HCI Group Company Profile

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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