Jacobs Levy Equity Management Inc. Takes $255,000 Position in HCI Group, Inc. (NYSE:HCI)

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

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

Analysts Set New Price Targets

Separately, JMP Securities lifted their price target 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.00.

HCI Group Stock Up 1.1%

Shares of HCI Group stock traded up $1.84 during trading on Friday, hitting $164.95. 71,384 shares of the stock traded hands, compared to its average volume of 137,379. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The stock's fifty day simple moving average is $148.61 and its 200 day simple moving average is $129.91. The firm has a market cap of $1.90 billion, a P/E ratio of 13.78 and a beta of 1.23. HCI Group, Inc. has a 52-week low of $83.65 and a 52-week high of $176.40.

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

HCI Group Dividend Announcement

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

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.