Thrivent Financial for Lutherans Acquires 58,377 Shares of HCI Group, Inc. $HCI

Thrivent Financial for Lutherans increased its stake in shares of HCI Group, Inc. (NYSE:HCI) by 642.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,460 shares of the insurance provider’s stock after purchasing an additional 58,377 shares during the period. Thrivent Financial for Lutherans owned approximately 0.52% of HCI Group worth $12,931,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of HCI Group by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock worth $160,947,000 after buying an additional 32,167 shares during the period. American Century Companies Inc. raised its position in shares of HCI Group by 6.7% in the 3rd quarter. American Century Companies Inc. now owns 556,670 shares of the insurance provider’s stock valued at $106,842,000 after acquiring an additional 35,029 shares during the period. Wellington Management Group LLP raised its position in shares of HCI Group by 16.7% in the 3rd quarter. Wellington Management Group LLP now owns 352,935 shares of the insurance provider’s stock valued at $67,739,000 after acquiring an additional 50,378 shares during the period. Dimensional Fund Advisors LP boosted its stake in HCI Group by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 296,275 shares of the insurance provider’s stock worth $56,858,000 after acquiring an additional 11,604 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in HCI Group by 46.8% during the second quarter. Balyasny Asset Management L.P. now owns 185,430 shares of the insurance provider’s stock valued at $28,222,000 after purchasing an additional 59,134 shares during the period. Institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings upgraded HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $231.67.

HCI Group Stock Up 1.1%

HCI Group stock opened at $158.07 on Tuesday. The company has a market cap of $2.02 billion, a P/E ratio of 6.94 and a beta of 1.09. HCI Group, Inc. has a 1-year low of $136.37 and a 1-year high of $210.50. The company has a fifty day simple moving average of $155.73 and a 200 day simple moving average of $168.74. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.26 by $0.19. HCI Group had a return on equity of 30.88% and a net margin of 32.64%.The company had revenue of $242.88 million for the quarter, compared to analysts’ expectations of $245.09 million. Research analysts anticipate that HCI Group, Inc. will post 17.82 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 15th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. HCI Group’s payout ratio is presently 7.02%.

HCI Group Profile

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.