HCI Group, Inc. (NYSE:HCI) Shares Sold by Chatham Capital Group Inc.

Chatham Capital Group Inc. decreased its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,460 shares of the insurance provider’s stock after selling 480 shares during the period. Chatham Capital Group Inc.’s holdings in HCI Group were worth $2,967,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System raised its holdings in HCI Group by 10.8% during the third quarter. Louisiana State Employees Retirement System now owns 4,100 shares of the insurance provider’s stock worth $439,000 after purchasing an additional 400 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in HCI Group by 11.8% during the third quarter. State of Alaska Department of Revenue now owns 4,815 shares of the insurance provider’s stock worth $515,000 after purchasing an additional 510 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in HCI Group by 49.1% during the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after purchasing an additional 300 shares in the last quarter. New York State Teachers Retirement System raised its holdings in HCI Group by 1.5% during the third quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock worth $1,113,000 after purchasing an additional 155 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in HCI Group by 10.3% during the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock worth $258,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Trading Down 1.6 %

Shares of HCI Group stock opened at $135.11 on Friday. HCI Group, Inc. has a 12-month low of $83.65 and a 12-month high of $140.72. 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 has a market cap of $1.42 billion, a PE ratio of 11.29 and a beta of 1.12. The company has a 50-day moving average of $120.93 and a two-hundred day moving average of $113.24.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.75) by $3.06. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The company had revenue of $161.88 million during the quarter, compared to analysts’ expectations of $175.11 million. On average, research analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. HCI Group’s dividend payout ratio (DPR) is 18.18%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Truist Financial reissued a “buy” rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, HCI Group currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

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.