Jackson Creek Investment Advisors LLC Acquires New 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 first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 portfolio, making the stock its 26th biggest position. Jackson Creek Investment Advisors LLC owned approximately 0.11% of HCI Group as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HCI. Victory Capital Management Inc. boosted its holdings in HCI Group by 6.7% in the first quarter. Victory Capital Management Inc. now owns 22,897 shares of the insurance provider's stock valued at $3,417,000 after purchasing an additional 1,443 shares during the last quarter. Bridgewater Advisors Inc. acquired a new stake in HCI Group in the 1st quarter valued at about $361,000. Cerity Partners LLC purchased a new stake in shares of HCI Group in the 1st quarter valued at approximately $274,000. Axxcess Wealth Management LLC purchased a new stake in shares of HCI Group in the 1st quarter valued at approximately $1,432,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of HCI Group by 22.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,886 shares of the insurance provider's stock valued at $1,326,000 after buying an additional 1,612 shares during the period. 86.99% of the stock is owned by institutional investors.

HCI Group Stock Performance

Shares of NYSE:HCI traded down $0.37 on Monday, hitting $142.77. 109,463 shares of the company were exchanged, compared to its average volume of 140,326. HCI Group, Inc. has a one year low of $87.01 and a one year high of $176.40. The company's 50 day moving average price is $154.58 and its two-hundred day moving average price is $140.81. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 13.81 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.56 and a current ratio of 0.56.

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, topping the consensus estimate of $4.49 by $0.86. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. The business had revenue of $216.43 million for the quarter, compared to the consensus estimate of $214.89 million. Research analysts expect 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. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, August 15th. HCI Group's dividend payout ratio is currently 15.47%.

Wall Street Analysts Forecast Growth

HCI has been the topic of a number of recent research reports. 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 note on Friday, May 30th. JMP Securities raised their target price on shares of HCI Group from $210.00 to $225.00 and gave the company a "market outperform" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.25.

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.