15,845 Shares in HCI Group, Inc. $HCI Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new stake in HCI Group, Inc. (NYSE:HCI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,845 shares of the insurance provider’s stock, valued at approximately $2,777,000. Meeder Asset Management Inc. owned 0.12% of HCI Group as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in HCI Group by 5.5% in the 1st quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock valued at $2,093,000 after purchasing an additional 727 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in HCI Group by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock valued at $736,000 after buying an additional 228 shares in the last quarter. Millennium Management LLC increased its position in HCI Group by 78.7% during the 1st quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock worth $15,278,000 after buying an additional 45,097 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of HCI Group by 115.9% during the second quarter. Russell Investments Group Ltd. now owns 1,399 shares of the insurance provider’s stock worth $213,000 after buying an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of HCI Group by 557.6% during the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after buying an additional 184 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on HCI shares. Citigroup restated a “market outperform” rating on shares of HCI Group in a research note on Friday, August 7th. Citizens Jmp boosted their price objective on shares of HCI Group from $255.00 to $265.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Cantor Fitzgerald assumed coverage on shares of HCI Group in a report on Thursday, July 9th. They set an “overweight” rating and a $225.00 target price on the stock. Finally, Zacks Research downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $241.67.

HCI Group Stock Up 1.2%

Shares of NYSE:HCI opened at $184.84 on Wednesday. HCI Group, Inc. has a 52-week low of $144.75 and a 52-week high of $210.50. The company has a market capitalization of $2.30 billion, a PE ratio of 7.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69. The company has a fifty day moving average of $176.94 and a 200-day moving average of $164.38.

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

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend 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 currently 6.90%.

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.