HCI Group, Inc. $HCI Stock Position Reduced by Janus Henderson Group PLC

Key Points

• Janus Henderson Group cut its HCI Group stake by 64.2% in the first quarter, selling 36,003 shares and retaining 20,071 shares worth approximately $3.1 million. Institutional investors and hedge funds collectively own 86.99% of HCI.
• HCI reported quarterly earnings of $5.60 per share, beating analysts’ $5.04 estimate, while revenue of $246.65 million was slightly below expectations. The company also expects more than $10 million in quarterly reinsurance savings as GEICO launches a new product.
• Analyst sentiment remains generally positive, with Citizens JMP raising its price target to $265; HCI has a consensus “Moderate Buy” rating and an average target price of $241.67. The company declared a quarterly dividend of $0.40 per share, implying a 0.8% yield.

Janus Henderson Group PLC decreased its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 64.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,071 shares of the insurance provider's stock after selling 36,003 shares during the quarter. Janus Henderson Group PLC owned 0.16% of HCI Group worth $3,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of HCI Group by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider's stock worth $160,947,000 after buying an additional 32,167 shares during the last quarter. Assetmark Inc. boosted its stake in HCI Group by 10.4% in the fourth quarter. Assetmark Inc. now owns 35,806 shares of the insurance provider's stock valued at $6,864,000 after acquiring an additional 3,380 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of HCI Group during the first quarter valued at approximately $2,302,000. Intech Investment Management LLC grew its holdings in shares of HCI Group by 934.5% during the fourth quarter. Intech Investment Management LLC now owns 44,257 shares of the insurance provider's stock valued at $8,484,000 after purchasing an additional 39,979 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of HCI Group by 642.7% during 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. 86.99% of the stock is owned by institutional investors and hedge funds.

HCI Group Price Performance

Shares of HCI opened at $188.51 on Friday. HCI Group, Inc. has a one year low of $137.81 and a one year high of $210.50. The stock's fifty day moving average is $172.58 and its 200-day moving average is $163.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 8.13 and a beta of 1.04.

HCI Group (NYSE:HCI - Get Free Report) last announced its earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.04 by $0.56. The firm had revenue of $246.65 million during the quarter, compared to analyst estimates of $247.43 million. HCI Group had a net margin of 32.60% and a return on equity of 29.68%. Equities analysts anticipate that HCI Group, Inc. will post 18.29 EPS for the current year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.60 annualized dividend and a yield of 0.8%. HCI Group's payout ratio is presently 7.02%.

HCI Group News Roundup

Here are the key news stories impacting HCI Group this week:

• Positive Sentiment: HCI reported second-quarter earnings of $5.60 per share, exceeding analyst estimates of $5.04 and rising from $5.18 a year earlier. The company also posted a 30.88% return on equity and a 32.64% net margin, highlighting strong profitability. HCI Group Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company outlined more than $10 million in expected quarterly reinsurance savings as GEICO begins selling a new product. If realized, the savings could lower HCI’s insurance costs and improve future earnings. HCI outlines over $10M per quarter reinsurance savings
• Positive Sentiment: Citizens JMP raised its HCI price target from $255 to $265 and maintained a “market outperform” rating, signaling continued analyst confidence in the company’s outlook. Benzinga analyst price target report
• Neutral Sentiment: Second-quarter revenue was $246.65 million. While earnings exceeded expectations, revenue was slightly below the $247.43 million consensus estimate, making the results stronger on profitability than on sales growth. HCI Group Q2 Earnings Snapshot

Analyst Ratings Changes

A number of research firms recently issued reports on HCI. Citizens Jmp boosted their price objective on HCI Group from $255.00 to $265.00 and gave the company a "market outperform" rating in a research report on Friday. Wall Street Zen cut HCI Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th. Cantor Fitzgerald began coverage on shares of HCI Group in a report on Thursday, July 9th. They set an "overweight" rating and a $225.00 price target for the company. Citigroup restated a "market outperform" rating on shares of HCI Group in a research report on Friday. Finally, Weiss Ratings raised shares of HCI Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $241.67.

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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