HCI Group, Inc. (NYSE:HCI) Position Cut by EntryPoint Capital LLC

EntryPoint Capital LLC lessened its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 21.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,902 shares of the insurance provider’s stock after selling 517 shares during the quarter. EntryPoint Capital LLC’s holdings in HCI Group were worth $222,000 as of its most recent SEC filing.

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

HCI Group Stock Performance

HCI opened at $150.68 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.62 billion, a PE ratio of 12.59 and a beta of 1.14. The business has a fifty day simple moving average of $128.62 and a 200-day simple moving average of $118.31. HCI Group, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $150.96.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of ($2.75) by $3.06. The business had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. As a group, equities analysts predict that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. HCI Group’s dividend payout ratio is currently 18.18%.

Analyst Ratings Changes

Separately, Truist Financial restated a “buy” rating and set a $145.00 price objective 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.