HCI Group, Inc. (NYSE:HCI) Shares Sold by AlphaQuest LLC

AlphaQuest LLC cut its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 26.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 856 shares of the insurance provider’s stock after selling 304 shares during the period. AlphaQuest LLC’s holdings in HCI Group were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd raised its holdings in HCI Group by 75.0% during the third quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 213 shares in the last quarter. GAMMA Investing LLC raised its holdings in HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock worth $60,000 after purchasing an additional 113 shares in the last quarter. Ieq Capital LLC bought a new stake in HCI Group during the fourth quarter worth approximately $311,000. Oppenheimer & Co. Inc. bought a new stake in HCI Group during the third quarter worth approximately $370,000. Finally, Precision Wealth Strategies LLC bought a new stake in HCI Group during the fourth quarter worth approximately $432,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Price Performance

NYSE HCI opened at $136.66 on Wednesday. The stock has a market capitalization of $1.47 billion, a P/E ratio of 11.42 and a beta of 1.14. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $141.21. The business’s fifty day moving average is $124.58 and its two-hundred day moving average is $115.94. 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) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.75) by $3.06. The company had revenue of $161.88 million for the quarter, compared to analysts’ expectations of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. On average, research analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. HCI Group’s dividend payout ratio is currently 18.18%.

Analyst Upgrades and Downgrades

Separately, Truist Financial reissued a “buy” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, HCI Group 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.