Oppenheimer & Co. Inc. Has $332,000 Stock Position in HCI Group, Inc. (NYSE:HCI)

Oppenheimer & Co. Inc. lessened its holdings in HCI Group, Inc. (NYSE:HCI) by 36.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,222 shares of the insurance provider’s stock after selling 1,254 shares during the period. Oppenheimer & Co. Inc.’s holdings in HCI Group were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HCI. Wasatch Advisors LP increased its holdings in shares of HCI Group by 288.9% during the 4th quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider’s stock valued at $34,300,000 after acquiring an additional 218,664 shares during the last quarter. Khrom Capital Management LLC boosted its position in HCI Group by 20.7% during the fourth quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider’s stock worth $92,778,000 after purchasing an additional 136,642 shares during the period. Hood River Capital Management LLC boosted its position in HCI Group by 15.7% during the fourth quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider’s stock worth $109,538,000 after purchasing an additional 127,332 shares during the period. Balyasny Asset Management L.P. grew its holdings in HCI Group by 2,878.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 114,689 shares of the insurance provider’s stock valued at $13,365,000 after purchasing an additional 110,838 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in HCI Group by 17,305.3% during the first quarter. GAMMA Investing LLC now owns 88,941 shares of the insurance provider’s stock valued at $132,730,000 after purchasing an additional 88,430 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Performance

Shares of NYSE HCI opened at $145.36 on Thursday. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $176.40. The company has a market cap of $1.68 billion, a P/E ratio of 14.06 and a beta of 1.21. The business’s 50 day moving average is $156.38 and its two-hundred day moving average is $137.92. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.34.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.86. The business had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. On average, equities analysts expect that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. HCI Group’s dividend payout ratio is currently 15.47%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HCI. Compass Point upgraded shares of HCI Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $148.00 to $205.00 in a research note on Friday, May 30th. JMP Securities upped their price target on shares of HCI Group from $210.00 to $225.00 and gave the company a “market outperform” rating in a report on Monday, May 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.25.

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.