21,313 Shares in HCI Group, Inc. (NYSE:HCI) Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC bought a new stake in HCI Group, Inc. (NYSE:HCI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,313 shares of the insurance provider’s stock, valued at approximately $2,484,000. Brandywine Global Investment Management LLC owned 0.20% of HCI Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Barclays PLC increased its holdings in shares of HCI Group by 77.3% in the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock valued at $1,659,000 after purchasing an additional 6,756 shares in the last quarter. Principal Financial Group Inc. increased its holdings in HCI Group by 16.4% in the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider’s stock valued at $6,015,000 after buying an additional 7,914 shares in the last quarter. FMR LLC lifted its position in shares of HCI Group by 49.6% during the 3rd quarter. FMR LLC now owns 32,571 shares of the insurance provider’s stock valued at $3,487,000 after acquiring an additional 10,795 shares during the period. Two Sigma Advisers LP boosted its stake in shares of HCI Group by 196.5% during the 3rd quarter. Two Sigma Advisers LP now owns 151,800 shares of the insurance provider’s stock worth $16,252,000 after acquiring an additional 100,600 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of HCI Group by 196.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 12,169 shares of the insurance provider’s stock worth $1,303,000 after acquiring an additional 8,063 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

HCI Group Stock Down 1.7 %

HCI stock opened at $144.46 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50 day simple moving average is $129.99 and its 200-day simple moving average is $119.34. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $151.88. The firm has a market capitalization of $1.56 billion, a PE ratio of 12.07 and a beta of 1.14.

HCI Group (NYSE:HCI) last posted 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 return on equity of 34.17% and a net margin of 19.37%. The firm had revenue of $161.88 million for the quarter, compared to analyst estimates of $175.11 million. Equities analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group’s payout ratio is 18.18%.

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.