Kestra Private Wealth Services LLC Invests $479,000 in HCI Group, Inc. $HCI

Kestra Private Wealth Services LLC bought a new position in shares of HCI Group, Inc. (NYSE:HCI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,134 shares of the insurance provider’s stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HCI. SG Americas Securities LLC raised its holdings in HCI Group by 82.2% during the first quarter. SG Americas Securities LLC now owns 8,968 shares of the insurance provider’s stock worth $1,387,000 after purchasing an additional 4,045 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of HCI Group by 909.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 646 shares of the insurance provider’s stock valued at $124,000 after buying an additional 582 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of HCI Group by 464.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 627 shares of the insurance provider’s stock valued at $120,000 after buying an additional 516 shares during the last quarter. Invesco Ltd. grew its position in shares of HCI Group by 14.1% in the 4th quarter. Invesco Ltd. now owns 145,086 shares of the insurance provider’s stock valued at $27,812,000 after buying an additional 17,883 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its position in shares of HCI Group by 30.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 14,526 shares of the insurance provider’s stock valued at $2,784,000 after buying an additional 3,398 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HCI. Weiss Ratings raised shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Zacks Research cut HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, HCI Group currently has a consensus rating of “Moderate Buy” and an average target price of $245.00.

HCI Group Trading Down 0.2%

NYSE HCI opened at $182.30 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.33 billion, a P/E ratio of 8.00 and a beta of 1.03. HCI Group, Inc. has a 52-week low of $136.37 and a 52-week high of $210.50. The firm has a 50-day moving average price of $160.53 and a 200 day moving average price of $164.24.

HCI Group (NYSE:HCI) last released its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.26 by $0.19. The company had revenue of $242.88 million for the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. Equities research analysts expect that HCI Group, Inc. will post 18.07 EPS for the current year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. HCI Group’s dividend payout ratio is 7.02%.

HCI Group Company Profile

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.