Jacobs Levy Equity Management Inc. Takes Position in HCI Group, Inc. (NYSE:HCI)

Jacobs Levy Equity Management Inc. acquired a new position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,191 shares of the insurance provider's stock, valued at approximately $255,000.

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in HCI Group in the 4th quarter valued at about $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in HCI Group in the fourth quarter worth $211,000. Integrated Quantitative Investments LLC bought a new position in HCI Group in the 4th quarter valued at $281,000. Clare Market Investments LLC purchased a new stake in shares of HCI Group during the 4th quarter valued at $296,000. Finally, Ieq Capital LLC purchased a new position in shares of HCI Group in the 4th quarter worth about $311,000. Institutional investors own 86.99% of the company's stock.

HCI Group Stock Performance

HCI Group stock traded down $2.53 during midday trading on Wednesday, reaching $164.14. The stock had a trading volume of 83,950 shares, compared to its average volume of 138,141. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.90 billion, a PE ratio of 13.71 and a beta of 1.23. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $176.40. The firm's 50-day moving average price is $147.04 and its 200 day moving average price is $128.88.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.86. The firm had revenue of $216.43 million for 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%. As a group, research analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, May 16th. HCI Group's payout ratio is 15.47%.

Wall Street Analyst Weigh In

Separately, JMP Securities boosted 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, HCI Group currently has an average rating of "Moderate Buy" and an average price target of $160.00.

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.