Khrom Capital Management LLC Has $92.78 Million Position in HCI Group, Inc. (NYSE:HCI)

Khrom Capital Management LLC lifted its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 796,170 shares of the insurance provider's stock after acquiring an additional 136,642 shares during the quarter. HCI Group makes up approximately 10.5% of Khrom Capital Management LLC's portfolio, making the stock its 4th largest position. Khrom Capital Management LLC owned about 7.55% of HCI Group worth $92,778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of HCI Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider's stock valued at $69,603,000 after purchasing an additional 7,732 shares during the period. Wasatch Advisors LP raised its holdings in HCI Group by 288.9% during the 4th quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock valued at $34,300,000 after acquiring an additional 218,664 shares during the period. Geode Capital Management LLC boosted its holdings in shares of HCI Group by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 227,567 shares of the insurance provider's stock worth $26,524,000 after acquiring an additional 7,746 shares during the period. American Century Companies Inc. grew its position in shares of HCI Group by 16.3% in the fourth quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock valued at $19,631,000 after purchasing an additional 23,610 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of HCI Group by 5.5% during the 4th quarter. Wellington Management Group LLP now owns 154,839 shares of the insurance provider's stock valued at $18,043,000 after purchasing an additional 8,101 shares during the period. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Price Performance

NYSE HCI traded down $0.83 during trading hours on Friday, hitting $142.09. The company had a trading volume of 73,310 shares, compared to its average volume of 144,445. The firm has a 50 day simple moving average of $138.18 and a 200 day simple moving average of $124.11. HCI Group, Inc. has a 52 week low of $83.65 and a 52 week high of $151.88. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, beating analysts' consensus estimates of ($2.75) by $3.06. The firm had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Equities research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. HCI Group's payout ratio is currently 18.18%.

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.