Charles Schwab Investment Management Inc. Buys 3,815 Shares of HCI Group, Inc. (NYSE:HCI)

Charles Schwab Investment Management Inc. lifted its holdings in HCI Group, Inc. (NYSE:HCI) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,391 shares of the insurance provider’s stock after acquiring an additional 3,815 shares during the period. Charles Schwab Investment Management Inc.’s holdings in HCI Group were worth $9,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HCI. Point72 DIFC Ltd raised its position in shares of HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 213 shares in the last quarter. GAMMA Investing LLC raised its position in shares of HCI Group by 28.4% in the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock worth $60,000 after acquiring an additional 113 shares in the last quarter. Ieq Capital LLC bought a new position in shares of HCI Group in the 4th quarter worth about $311,000. Precision Wealth Strategies LLC bought a new position in shares of HCI Group in the 4th quarter worth about $432,000. Finally, Captrust Financial Advisors bought a new position in shares of HCI Group in the 3rd quarter worth about $478,000. 86.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

HCI Group Stock Performance

Shares of HCI opened at $136.44 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a 50-day moving average of $126.00 and a 200-day moving average of $116.67. The company has a market cap of $1.47 billion, a PE ratio of 11.40 and a beta of 1.14. HCI Group, Inc. has a one year low of $83.65 and a one year high of $141.21.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, February 27th. The insurance provider reported $0.31 EPS 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 the consensus estimate of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. On average, equities research analysts predict that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.17%. HCI Group’s dividend payout ratio (DPR) is currently 18.18%.

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.