Great Lakes Advisors LLC Sells 1,013 Shares of HCI Group, Inc. (NYSE:HCI)

Great Lakes Advisors LLC cut its position in HCI Group, Inc. (NYSE:HCI) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,198 shares of the insurance provider’s stock after selling 1,013 shares during the quarter. Great Lakes Advisors LLC’s holdings in HCI Group were worth $4,102,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in shares of HCI Group by 9.7% in the fourth quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider’s stock valued at $739,000 after buying an additional 559 shares during the period. Clare Market Investments LLC bought a new stake in shares of HCI Group in the fourth quarter valued at $296,000. Raymond James Financial Inc. bought a new stake in shares of HCI Group in the fourth quarter valued at $2,713,000. Proficio Capital Partners LLC bought a new stake in shares of HCI Group in the fourth quarter valued at $1,358,000. Finally, Assetmark Inc. raised its stake in shares of HCI Group by 2.7% in the fourth quarter. Assetmark Inc. now owns 30,546 shares of the insurance provider’s stock valued at $3,560,000 after buying an additional 794 shares during the period. 86.99% of the stock is currently owned by institutional investors.

HCI Group Price Performance

Shares of NYSE HCI opened at $138.46 on Friday. The stock has a market cap of $1.49 billion, a PE ratio of 11.57 and a beta of 1.14. HCI Group, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $141.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a fifty day moving average of $123.61 and a 200-day moving average of $115.06.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of ($2.75) by $3.06. The company had revenue of $161.88 million during the quarter, compared to analysts’ expectations of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. Equities research analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, February 21st. HCI Group’s payout ratio is 18.18%.

Analyst Ratings Changes

Separately, Truist Financial restated a “buy” rating and issued a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

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.