AQR Capital Management LLC Has $4.91 Million Stock Holdings in HCI Group, Inc. (NYSE:HCI)

AQR Capital Management LLC increased its position in HCI Group, Inc. (NYSE:HCI) by 27.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,218 shares of the insurance provider’s stock after purchasing an additional 11,365 shares during the quarter. AQR Capital Management LLC owned approximately 0.51% of HCI Group worth $4,905,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of HCI Group during the 4th quarter valued at $399,000. Quadrature Capital Ltd boosted its holdings in HCI Group by 55.8% during the fourth quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider’s stock worth $2,610,000 after buying an additional 10,693 shares during the last quarter. Wasatch Advisors LP grew its position in shares of HCI Group by 5.1% during the 4th quarter. Wasatch Advisors LP now owns 186,053 shares of the insurance provider’s stock worth $16,261,000 after buying an additional 8,992 shares during the period. Wellington Management Group LLP bought a new stake in shares of HCI Group in the 4th quarter valued at about $5,633,000. Finally, Range Financial Group LLC raised its position in shares of HCI Group by 34.8% in the 1st quarter. Range Financial Group LLC now owns 9,054 shares of the insurance provider’s stock valued at $1,051,000 after acquiring an additional 2,339 shares during the period. 86.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HCI has been the topic of several analyst reports. StockNews.com lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, HCI Group currently has an average rating of “Moderate Buy” and a consensus price target of $130.25.

HCI Group Trading Up 1.7 %

HCI opened at $115.38 on Friday. The firm’s fifty day simple moving average is $98.30 and its 200 day simple moving average is $100.62. The stock has a market capitalization of $1.21 billion, a P/E ratio of 11.74 and a beta of 1.13. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. HCI Group, Inc. has a 12 month low of $53.36 and a 12 month high of $121.57.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.63. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The company had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. During the same period in the prior year, the firm earned $1.22 earnings per share. As a group, research analysts anticipate that HCI Group, Inc. will post 12.37 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, August 16th. HCI Group’s dividend payout ratio is presently 16.28%.

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.