Los Angeles Capital Management LLC Purchases 24,117 Shares of HCI Group, Inc. (NYSE:HCI)

Los Angeles Capital Management LLC increased its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 304.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,027 shares of the insurance provider's stock after acquiring an additional 24,117 shares during the quarter. Los Angeles Capital Management LLC owned about 0.37% of HCI Group worth $2,799,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GSA Capital Partners LLP increased its holdings in shares of HCI Group by 100.6% during the 3rd quarter. GSA Capital Partners LLP now owns 21,527 shares of the insurance provider's stock worth $1,169,000 after purchasing an additional 10,797 shares during the period. Federated Hermes Inc. acquired a new position in HCI Group in the 4th quarter valued at approximately $642,000. Quadrature Capital Ltd raised its holdings in HCI Group by 253.1% in the 3rd quarter. Quadrature Capital Ltd now owns 19,151 shares of the insurance provider's stock valued at $1,039,000 after acquiring an additional 13,728 shares in the last quarter. Barclays PLC lifted its position in shares of HCI Group by 54.7% in the 3rd quarter. Barclays PLC now owns 4,962 shares of the insurance provider's stock worth $270,000 after acquiring an additional 1,754 shares during the period. Finally, Cedar Brook Financial Partners LLC acquired a new stake in shares of HCI Group during the 4th quarter worth approximately $201,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Price Performance

HCI stock traded up $0.78 during trading on Tuesday, hitting $111.65. 184,130 shares of the stock traded hands, compared to its average volume of 131,400. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 14.75 and a beta of 1.15. HCI Group, Inc. has a one year low of $48.84 and a one year high of $121.57. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.64. The company has a 50 day simple moving average of $111.15 and a 200 day simple moving average of $93.71.

HCI Group (NYSE:HCI - Get Free Report) last posted its earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $1.81. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. The company had revenue of $162.67 million during the quarter, compared to analysts' expectations of $146.09 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. Equities analysts expect that HCI Group, Inc. will post 10.33 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, May 16th. HCI Group's payout ratio is presently 21.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. William Blair raised HCI Group from a "market perform" rating to an "outperform" rating in a research report on Friday, March 8th. Compass Point raised their price objective on shares of HCI Group from $90.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, March 13th. JMP Securities reissued a "market outperform" rating and issued a $120.00 target price on shares of HCI Group in a research note on Monday, April 15th. Oppenheimer restated an "outperform" rating and set a $140.00 price target on shares of HCI Group in a research note on Friday, April 5th. Finally, Truist Financial upped their price objective on HCI Group from $96.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, January 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.00.

Insider Activity at HCI Group

In other HCI Group news, General Counsel Andrew L. Graham sold 800 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $116.42, for a total transaction of $93,136.00. Following the transaction, the general counsel now directly owns 57,630 shares in the company, valued at approximately $6,709,284.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Andrew L. Graham sold 29,008 shares of HCI Group stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $117.01, for a total transaction of $3,394,226.08. Following the transaction, the general counsel now directly owns 21,819 shares of the company's stock, valued at $2,553,041.19. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Andrew L. Graham sold 800 shares of the business's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $116.42, for a total transaction of $93,136.00. Following the completion of the transaction, the general counsel now directly owns 57,630 shares of the company's stock, valued at approximately $6,709,284.60. The disclosure for this sale can be found here. Insiders sold a total of 113,102 shares of company stock valued at $13,198,303 over the last quarter. Corporate insiders own 25.25% of the company's stock.

HCI Group Company 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.