HCI Group, Inc. (NYSE:HCI) Shares Purchased by FJ Capital Management LLC

FJ Capital Management LLC lifted its stake in HCI Group, Inc. (NYSE:HCI - Free Report) by 65.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,250 shares of the insurance provider's stock after buying an additional 24,682 shares during the period. FJ Capital Management LLC owned approximately 0.59% of HCI Group worth $7,254,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Aquatic Capital Management LLC boosted its stake in HCI Group by 1.7% during the 4th quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider's stock worth $664,000 after purchasing an additional 94 shares during the period. New York State Teachers Retirement System boosted its stake in HCI Group by 1.0% during the 4th quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock worth $1,223,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC boosted its stake in HCI Group by 28.4% during the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock worth $60,000 after purchasing an additional 113 shares during the period. Rhumbline Advisers boosted its stake in HCI Group by 1.1% during the 4th quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock worth $2,600,000 after purchasing an additional 232 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in HCI Group by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider's stock worth $585,000 after purchasing an additional 328 shares during the period. Institutional investors and hedge funds own 86.99% of the company's stock.

Analysts Set New Price Targets

Separately, JMP Securities increased their price target on shares of HCI Group from $165.00 to $210.00 and gave the stock a "market outperform" rating in a research note on Friday. Two 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, the company has a consensus rating of "Moderate Buy" and an average target price of $156.25.

HCI Group Stock Performance

HCI Group stock traded up $12.42 during trading hours on Friday, reaching $167.29. 213,097 shares of the stock were exchanged, compared to its average volume of 139,959. The stock has a market cap of $1.80 billion, a P/E ratio of 13.98 and a beta of 1.23. 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, Inc. has a 52-week low of $83.65 and a 52-week high of $176.40. The firm's 50 day moving average is $143.19 and its 200 day moving average is $126.56.

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

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. 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.