12,000 Shares in HCI Group, Inc. $HCI Bought by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. purchased a new stake in HCI Group, Inc. (NYSE:HCI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,000 shares of the insurance provider’s stock, valued at approximately $2,103,000.

Several other institutional investors and hedge funds have also bought and sold shares of HCI. BlackRock Inc. acquired a new stake in HCI Group during the second quarter worth about $323,098,000. Vanguard Group Inc. raised its position in shares of HCI Group by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock valued at $160,947,000 after buying an additional 32,167 shares in the last quarter. State Street Corp lifted its holdings in shares of HCI Group by 4.7% during the 4th quarter. State Street Corp now owns 384,788 shares of the insurance provider’s stock worth $73,760,000 after acquiring an additional 17,299 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of HCI Group by 11.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 354,884 shares of the insurance provider’s stock worth $54,870,000 after acquiring an additional 36,348 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of HCI Group by 16.7% during the 3rd quarter. Wellington Management Group LLP now owns 352,935 shares of the insurance provider’s stock worth $67,739,000 after acquiring an additional 50,378 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 0.9%

HCI opened at $187.37 on Thursday. The company has a market cap of $2.33 billion, a P/E ratio of 8.08 and a beta of 1.04. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $179.55 and its 200-day moving average is $165.49. HCI Group, Inc. has a 1-year low of $144.75 and a 1-year high of $210.50.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.56. The business had revenue of $246.65 million during the quarter, compared to analysts’ expectations of $247.43 million. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. Equities research analysts predict that HCI Group, Inc. will post 19.47 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, August 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. HCI Group’s dividend payout ratio is 6.90%.

Analyst Ratings Changes

HCI has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Citizens Jmp upped their target price on HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Zacks Research downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Cantor Fitzgerald assumed coverage on HCI Group in a research note on Thursday, July 9th. They issued an “overweight” rating and a $225.00 price target on the stock. Finally, Wall Street Zen cut HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $241.67.

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.