WINTON GROUP Ltd boosted its stake in shares of HCI Group Inc (NYSE:HCI) by 43.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,250 shares of the insurance provider’s stock after purchasing an additional 2,816 shares during the quarter. WINTON GROUP Ltd’s holdings in HCI Group were worth $374,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HCI. Foundry Partners LLC raised its holdings in HCI Group by 54.1% during the 1st quarter. Foundry Partners LLC now owns 148,546 shares of the insurance provider’s stock worth $6,347,000 after buying an additional 52,130 shares during the period. BlackRock Inc. raised its holdings in HCI Group by 1.4% during the 4th quarter. BlackRock Inc. now owns 1,146,867 shares of the insurance provider’s stock worth $58,273,000 after buying an additional 15,959 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in HCI Group by 587.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,753 shares of the insurance provider’s stock worth $758,000 after buying an additional 15,170 shares during the period. 6 Meridian acquired a new stake in HCI Group during the 1st quarter worth about $604,000. Finally, Wedge Capital Management L L P NC raised its holdings in HCI Group by 55.9% during the 1st quarter. Wedge Capital Management L L P NC now owns 37,197 shares of the insurance provider’s stock worth $1,589,000 after buying an additional 13,344 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.
NYSE:HCI traded down $0.03 on Friday, hitting $39.88. 3,479 shares of the company’s stock traded hands, compared to its average volume of 44,565. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 0.57. HCI Group Inc has a 1 year low of $36.72 and a 1 year high of $59.32. The firm’s 50-day simple moving average is $40.68. The firm has a market capitalization of $338.66 million, a P/E ratio of 12.35 and a beta of 0.76.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.60 annualized dividend and a yield of 4.01%. HCI Group’s dividend payout ratio (DPR) is presently 49.54%.
In other HCI Group news, Director Loreen M. Spencer bought 950 shares of the stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $41.13 per share, with a total value of $39,073.50. Following the purchase, the director now directly owns 950 shares in the company, valued at approximately $39,073.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 24.12% of the company’s stock.
HCI has been the topic of several recent analyst reports. TheStreet upgraded HCI Group from a “c+” rating to a “b-” rating in a report on Friday, May 3rd. ValuEngine downgraded HCI Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Finally, Zacks Investment Research downgraded HCI Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. HCI Group currently has an average rating of “Hold” and a consensus price target of $48.33.
About HCI Group
HCI Group, Inc engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners insurance, flood insurance, and wind-only insurance to homeowners, condominium owners, and tenants, as well as offers reinsurance programs.
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