Informed Momentum Co LLC Acquires New Holdings in HCI Group, Inc. (NYSE:HCI)

Key Points

• Informed Momentum Co LLC has acquired a new stake in HCI Group, purchasing 27,261 shares worth approximately $4.07 million, representing about 0.25% ownership of the company.
• HCI Group reported a quarterly earnings per share of $5.18, beating estimates, along with a revenue of $221.92 million.
• The company recently announced a quarterly dividend of $0.40, which equates to an annualized dividend yield of 1.0% and will be paid to shareholders on September 19th.

Informed Momentum Co LLC acquired a new position in HCI Group, Inc. (NYSE:HCI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,261 shares of the insurance provider's stock, valued at approximately $4,068,000. Informed Momentum Co LLC owned about 0.25% of HCI Group as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HCI. GAMMA Investing LLC boosted its holdings in HCI Group by 16.6% in the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock worth $89,000 after buying an additional 85 shares during the period. Simplex Trading LLC bought a new position in shares of HCI Group during the 1st quarter valued at about $148,000. CCG Wealth Management LLC bought a new position in shares of HCI Group during the 1st quarter valued at about $246,000. Virtu Financial LLC bought a new position in shares of HCI Group during the 1st quarter valued at about $254,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of HCI Group during the 4th quarter valued at about $255,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JMP Securities increased their price target 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. Wall Street Zen raised shares of HCI Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Compass Point raised shares of HCI Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $148.00 to $205.00 in a report on Friday, May 30th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $181.25.

HCI Group Trading Down 1.2%

NYSE HCI traded down $1.90 during trading on Friday, hitting $155.73. The stock had a trading volume of 148,201 shares, compared to its average volume of 145,564. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.56 and a current ratio of 0.71. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 13.81 and a beta of 1.24. HCI Group, Inc. has a one year low of $90.01 and a one year high of $176.40. The stock has a 50 day simple moving average of $146.45 and a 200 day simple moving average of $143.80.

HCI Group (NYSE:HCI - Get Free Report) last issued its earnings results on Thursday, August 7th. The insurance provider reported $5.18 EPS for the quarter, topping analysts' consensus estimates of $4.47 by $0.71. The business had revenue of $221.92 million for the quarter, compared to analyst estimates of $218.98 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. Sell-side analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. HCI Group's dividend payout ratio (DPR) is 14.18%.

About HCI Group

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.