Cresset Asset Management LLC Invests $209,000 in HCI Group, Inc. $HCI

Cresset Asset Management LLC purchased a new position in shares of HCI Group, Inc. (NYSE:HCI) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,400 shares of the insurance provider’s stock, valued at approximately $209,000.

A number of other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of HCI Group by 16.6% in the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock worth $89,000 after acquiring an additional 85 shares during the period. Aquatic Capital Management LLC boosted its holdings in HCI Group by 1.7% in the 4th quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider’s stock valued at $664,000 after purchasing an additional 94 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in HCI Group by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider’s stock worth $548,000 after purchasing an additional 247 shares during the period. SG Americas Securities LLC raised its stake in shares of HCI Group by 4.1% during the 1st quarter. SG Americas Securities LLC now owns 6,676 shares of the insurance provider’s stock worth $996,000 after buying an additional 265 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of HCI Group by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider’s stock worth $585,000 after buying an additional 328 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

NYSE HCI opened at $161.88 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. HCI Group, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $176.40. The business has a fifty day moving average of $147.12 and a 200-day moving average of $145.84. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 14.35 and a beta of 1.24.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, August 7th. The insurance provider reported $5.18 EPS for the quarter, beating analysts’ consensus estimates of $4.47 by $0.71. The business had revenue of $221.92 million for the quarter, compared to analyst estimates of $218.98 million. HCI Group had a return on equity of 25.84% and a net margin of 18.58%. As a group, analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, August 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. HCI Group’s payout ratio is 14.18%.

Analyst Ratings Changes

HCI has been the topic of a number of recent analyst reports. Compass Point raised HCI Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $148.00 to $205.00 in a report on Friday, May 30th. JMP Securities upped their price target on shares of HCI Group from $210.00 to $225.00 and gave the stock a “market outperform” rating in a research note on Monday, May 19th. Finally, Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $181.25.

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.