XTX Topco Ltd Acquires New Shares in HCI Group, Inc. (NYSE:HCI)

XTX Topco Ltd bought a new position in shares of HCI Group, Inc. (NYSE:HCI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,042 shares of the insurance provider’s stock, valued at approximately $465,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System increased its position in HCI Group by 1.1% during the 1st quarter. New York State Teachers Retirement System now owns 9,544 shares of the insurance provider’s stock worth $1,108,000 after purchasing an additional 100 shares in the last quarter. Swiss National Bank increased its holdings in shares of HCI Group by 1.4% during the first quarter. Swiss National Bank now owns 14,400 shares of the insurance provider’s stock worth $1,672,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of HCI Group by 11.3% in the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock valued at $206,000 after acquiring an additional 227 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of HCI Group by 8.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 3,700 shares of the insurance provider’s stock valued at $341,000 after acquiring an additional 300 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in HCI Group during the 4th quarter worth $28,000. Institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on HCI. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a report on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, HCI Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.25.

HCI Group Trading Up 1.5 %

Shares of HCI stock opened at $107.52 on Wednesday. The stock has a 50-day moving average of $95.15 and a 200-day moving average of $100.66. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 10.94 and a beta of 1.13. HCI Group, Inc. has a 1-year low of $50.30 and a 1-year high of $121.57.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. The business had revenue of $206.25 million during the quarter, compared to the consensus estimate of $196.67 million. During the same quarter in the prior year, the firm posted $1.22 EPS. On average, equities research analysts forecast that HCI Group, Inc. will post 12.37 earnings per share for the current year.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Friday, August 16th. HCI Group’s payout ratio is 16.28%.

About HCI Group

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.