Cwm LLC Raises Holdings in HCI Group, Inc. $HCI

Cwm LLC increased its holdings in HCI Group, Inc. (NYSE:HCI) by 242.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,692 shares of the insurance provider’s stock after buying an additional 4,029 shares during the period. Cwm LLC’s holdings in HCI Group were worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HCI. EverSource Wealth Advisors LLC boosted its position in HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 184 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of HCI Group during the 2nd quarter worth $46,000. USA Financial Formulas boosted its position in HCI Group by 250.0% during the second quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 370 shares in the last quarter. Caldwell Trust Co purchased a new position in HCI Group in the second quarter valued at about $83,000. Finally, GAMMA Investing LLC raised its holdings in HCI Group by 24.5% in the second quarter. GAMMA Investing LLC now owns 742 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HCI. Citizens Jmp raised their price target on shares of HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a report on Monday, November 10th. Truist Financial increased their target price on shares of HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Wall Street Zen raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of HCI Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, HCI Group has an average rating of “Buy” and an average target price of $230.00.

HCI Group Trading Down 1.4%

NYSE HCI opened at $181.25 on Tuesday. HCI Group, Inc. has a 12-month low of $108.26 and a 12-month high of $210.50. The company has a fifty day simple moving average of $185.36 and a two-hundred day simple moving average of $172.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.35 billion, a P/E ratio of 11.57 and a beta of 1.20.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, November 6th. The insurance provider reported $4.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $2.46. HCI Group had a return on equity of 31.18% and a net margin of 24.97%.The firm had revenue of $216.35 million for the quarter, compared to the consensus estimate of $223.53 million. On average, analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, November 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, November 21st. HCI Group’s dividend payout ratio (DPR) is presently 10.22%.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.