GAMMA Investing LLC Grows Holdings in HCI Group, Inc. (NYSE:HCI)

GAMMA Investing LLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 17,305.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,941 shares of the insurance provider's stock after acquiring an additional 88,430 shares during the period. GAMMA Investing LLC owned approximately 0.83% of HCI Group worth $132,730,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HCI. Precision Wealth Strategies LLC acquired a new position in shares of HCI Group in the fourth quarter valued at approximately $432,000. Allspring Global Investments Holdings LLC grew its holdings in shares of HCI Group by 80.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock valued at $11,781,000 after purchasing an additional 45,920 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of HCI Group by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock valued at $1,223,000 after purchasing an additional 100 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of HCI Group by 1.1% in the fourth quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock valued at $2,600,000 after purchasing an additional 232 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of HCI Group by 7.4% in the fourth quarter. Principal Financial Group Inc. now owns 60,332 shares of the insurance provider's stock valued at $7,030,000 after purchasing an additional 4,152 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HCI has been the subject of a number of research reports. JMP Securities lifted their price objective on shares of 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 shares of HCI Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $148.00 to $205.00 in a report on Friday, May 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $181.25.

HCI Group Stock Up 1.5%

NYSE HCI traded up $2.49 on Thursday, hitting $167.94. 126,942 shares of the stock were exchanged, compared to its average volume of 137,310. The company has a market cap of $1.94 billion, a PE ratio of 14.03 and a beta of 1.23. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $176.40. The company has a 50-day moving average price of $152.45 and a 200-day moving average price of $132.61.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.86. The business had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.89 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Sell-side analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 annualized dividend and a yield of 0.95%. HCI Group's dividend payout ratio (DPR) is 15.47%.

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.