Goldman Sachs Group Inc. lifted its stake in HCI Group (NYSE:HCI) by 43.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,172 shares of the insurance provider’s stock after buying an additional 15,203 shares during the period. Goldman Sachs Group Inc. owned approximately 0.51% of HCI Group worth $1,500,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of HCI Group in the fourth quarter worth about $248,000. Tower Research Capital LLC TRC purchased a new stake in shares of HCI Group in the fourth quarter worth about $251,000. Arizona State Retirement System purchased a new stake in shares of HCI Group in the fourth quarter worth about $398,000. Wells Fargo & Company MN boosted its position in shares of HCI Group by 35.4% in the third quarter. Wells Fargo & Company MN now owns 13,576 shares of the insurance provider’s stock worth $519,000 after buying an additional 3,552 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of HCI Group in the third quarter worth about $590,000. 70.51% of the stock is owned by institutional investors.
Several research firms recently commented on HCI. TheStreet upgraded HCI Group from a “c” rating to a “b-” rating in a research note on Tuesday, March 6th. Zacks Investment Research cut HCI Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, ValuEngine upgraded HCI Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. HCI Group presently has a consensus rating of “Hold” and an average price target of $44.00.
NYSE:HCI opened at $40.83 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.79 and a current ratio of 0.79. HCI Group has a one year low of $27.11 and a one year high of $49.25. The stock has a market capitalization of $378.23, a P/E ratio of -54.44 and a beta of 1.88.
HCI Group (NYSE:HCI) last released its quarterly earnings results on Tuesday, March 6th. The insurance provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.32. HCI Group had a negative return on equity of 3.21% and a negative net margin of 2.82%. The business had revenue of $61.62 million for the quarter, compared to analysts’ expectations of $62.98 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was down 14.9% compared to the same quarter last year. equities research analysts predict that HCI Group will post 3.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, May 18th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $1.50 annualized dividend and a yield of 3.67%. This is a boost from HCI Group’s previous quarterly dividend of $0.35. HCI Group’s dividend payout ratio is presently -186.67%.
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HCI Group Profile
HCI Group, Inc primarily engages in the property and casualty insurance business in Florida. It provides property and casualty insurance to homeowners, condominium owners, and tenants; and reinsurance. The company also owns and operates one full-service restaurant, two marinas, two retail shopping centers, and one office building.
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