Y Intercept Hong Kong Ltd Invests $1.47 Million in HCI Group, Inc. $HCI

Y Intercept Hong Kong Ltd bought a new position in HCI Group, Inc. (NYSE:HCI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,632 shares of the insurance provider’s stock, valued at approximately $1,466,000. Y Intercept Hong Kong Ltd owned about 0.08% of HCI Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cookson Peirce & Co. Inc. bought a new stake in shares of HCI Group in the 2nd quarter worth about $697,000. Tweedy Browne Co LLC grew its position in shares of HCI Group by 140.3% during the 2nd quarter. Tweedy Browne Co LLC now owns 4,760 shares of the insurance provider’s stock valued at $724,000 after buying an additional 2,779 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of HCI Group by 1.9% during the 2nd quarter. New York State Teachers Retirement System now owns 10,593 shares of the insurance provider’s stock valued at $1,612,000 after buying an additional 200 shares during the last quarter. Axxcess Wealth Management LLC grew its position in shares of HCI Group by 2.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 9,808 shares of the insurance provider’s stock valued at $1,493,000 after buying an additional 215 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in shares of HCI Group by 9.5% during the 2nd quarter. Yousif Capital Management LLC now owns 3,450 shares of the insurance provider’s stock valued at $525,000 after buying an additional 298 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 1.2%

HCI Group stock opened at $204.38 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $185.49 and a two-hundred day moving average price of $163.43. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 18.12 and a beta of 1.17. HCI Group, Inc. has a 52-week low of $105.00 and a 52-week high of $210.50.

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

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st. HCI Group’s payout ratio is presently 14.18%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HCI. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of HCI Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $181.25.

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.