Jackson Creek Investment Advisors LLC Takes Position in HCI Group, Inc. (NYSE:HCI)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,413 shares of the insurance provider's stock, valued at approximately $1,703,000. HCI Group accounts for about 0.5% of Jackson Creek Investment Advisors LLC's holdings, making the stock its 26th biggest holding. Jackson Creek Investment Advisors LLC owned 0.11% of HCI Group as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised 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 purchasing an additional 85 shares during the period. KLP Kapitalforvaltning AS bought a new position in HCI Group in the 4th quarter worth $175,000. CCG Wealth Management LLC bought a new position in HCI Group in the 1st quarter worth $246,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in HCI Group in the 4th quarter worth $211,000. Finally, Cerity Partners LLC bought a new position in HCI Group in the 1st quarter worth $274,000. 86.99% of the stock is owned by institutional investors.

HCI Group Price Performance

Shares of NYSE:HCI traded up $0.54 during mid-day trading on Monday, reaching $143.68. The stock had a trading volume of 27,322 shares, compared to its average volume of 140,007. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.34. The company has a market cap of $1.66 billion, a P/E ratio of 13.85 and a beta of 1.21. HCI Group, Inc. has a 1 year low of $87.01 and a 1 year high of $176.40. The business's 50 day moving average price is $154.99 and its 200 day moving average price is $140.58.

HCI Group (NYSE:HCI - Get Free Report) last posted its earnings results on Thursday, May 8th. The insurance provider reported $5.35 EPS for the quarter, beating analysts' consensus estimates of $4.49 by $0.86. The firm had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.89 million. HCI Group had a return on equity of 27.69% and a net margin of 17.38%. Research analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company 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 is Friday, August 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. HCI Group's dividend payout ratio is currently 15.47%.

Analyst Ratings Changes

Several research firms recently issued reports on HCI. JMP Securities increased their target price on HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a research 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 research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $181.25.

HCI Group Company 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.