Koss Olinger Consulting LLC Invests $797,000 in HCI Group, Inc. (NYSE:HCI)

Key Points

• Koss Olinger Consulting LLC has invested approximately $797,000 in HCI Group, purchasing 5,341 shares of the insurance provider's stock during the first quarter.
• Wall Street analysts have upgraded HCI Group's stock ratings, with Compass Point increasing their price target from $148.00 to $205.00 and JMP Securities raising it from $210.00 to $225.00.
• HCI Group recently announced a quarterly dividend of $0.40 per share, with a payout ratio of 14.18% and an annualized dividend yield of 1.1%.

Koss Olinger Consulting LLC purchased a new position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,341 shares of the insurance provider's stock, valued at approximately $797,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in HCI Group by 16.6% in the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock worth $89,000 after acquiring an additional 85 shares during the last quarter. CCG Wealth Management LLC acquired a new position in HCI Group in the 1st quarter worth approximately $246,000. Cerity Partners LLC acquired a new position in HCI Group in the 1st quarter worth approximately $274,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of HCI Group during the 4th quarter valued at $255,000. Finally, Bridgewater Advisors Inc. acquired a new stake in shares of HCI Group during the 1st quarter valued at $361,000. Institutional investors own 86.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JMP Securities lifted their price objective 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. Compass Point raised 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. Finally, Wall Street Zen raised shares of HCI Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $181.25.

HCI Group Stock Performance

HCI traded down $2.30 during trading on Wednesday, hitting $154.00. The stock had a trading volume of 15,100 shares, compared to its average volume of 135,211. The firm has a market cap of $1.78 billion, a PE ratio of 13.65 and a beta of 1.24. HCI Group, Inc. has a 12 month low of $90.01 and a 12 month high of $176.40. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $147.08 and a 200-day simple moving average of $143.23.

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

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be given a $0.40 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. HCI Group's payout ratio is 14.18%.

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.