HCI Group, Inc. (NYSE:HCI) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its holdings in HCI Group, Inc. (NYSE:HCI) by 7.2% during the 4th quarter, HoldingsChannel reports. The fund owned 4,415 shares of the insurance provider’s stock after selling 343 shares during the quarter. Corebridge Financial Inc.’s holdings in HCI Group were worth $514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HCI. Point72 DIFC Ltd increased its holdings in HCI Group by 75.0% during the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 213 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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 buying an additional 113 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of HCI Group in the fourth quarter worth $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in HCI Group in the fourth quarter valued at $211,000. Finally, Clare Market Investments LLC bought a new position in HCI Group during the 4th quarter valued at $296,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Price Performance

Shares of NYSE HCI opened at $137.19 on Wednesday. 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 company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.46 and a beta of 1.12. HCI Group, Inc. has a twelve month low of $83.65 and a twelve month high of $151.88. The business has a 50 day simple moving average of $131.70 and a 200-day simple moving average of $120.54.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of ($2.75) by $3.06. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The firm had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 annualized dividend and a yield of 1.17%. HCI Group’s dividend payout ratio (DPR) is 18.18%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reissued a “buy” rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

HCI Group 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.