Squarepoint Ops LLC Has $1.13 Million Stake in HCI Group, Inc. $HCI

Squarepoint Ops LLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI) by 64.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,426 shares of the insurance provider’s stock after purchasing an additional 2,914 shares during the quarter. Squarepoint Ops LLC owned 0.06% of HCI Group worth $1,130,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HCI. American Century Companies Inc. increased its stake in HCI Group by 15.2% during the second quarter. American Century Companies Inc. now owns 521,641 shares of the insurance provider’s stock valued at $79,394,000 after acquiring an additional 68,860 shares during the period. Geode Capital Management LLC lifted its position in shares of HCI Group by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 241,881 shares of the insurance provider’s stock worth $36,819,000 after acquiring an additional 14,583 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of HCI Group by 46.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 185,430 shares of the insurance provider’s stock worth $28,222,000 after purchasing an additional 59,134 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of HCI Group by 24.8% during the second quarter. Qube Research & Technologies Ltd now owns 180,420 shares of the insurance provider’s stock valued at $27,460,000 after purchasing an additional 35,798 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of HCI Group by 13.3% in the first quarter. Wellington Management Group LLP now owns 175,376 shares of the insurance provider’s stock valued at $26,171,000 after purchasing an additional 20,537 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 0.1%

Shares of HCI Group stock opened at $189.76 on Monday. HCI Group, Inc. has a 12-month low of $106.89 and a 12-month high of $210.50. The stock has a market capitalization of $2.46 billion, a P/E ratio of 12.12 and a beta of 1.20. The company has a 50-day simple moving average of $186.87 and a 200 day simple moving average of $169.66. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.04.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, November 6th. The insurance provider reported $4.90 earnings per share for the quarter, topping the consensus estimate of $2.44 by $2.46. The firm had revenue of $216.35 million for the quarter, compared to analysts’ expectations of $223.53 million. HCI Group had a net margin of 24.97% and a return on equity of 31.18%. Research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, November 21st were issued 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 was Friday, November 21st. HCI Group’s dividend payout ratio (DPR) is currently 10.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HCI shares. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Truist Financial raised their price objective on shares of HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Citizens Jmp lifted their target price on shares of HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a research report on Monday, November 10th. Oppenheimer lowered shares of HCI Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of HCI Group in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, HCI Group currently has an average rating of “Buy” and an average target price of $230.00.

About HCI Group

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.