Jefferies Financial Group Inc. Invests $2.08 Million in HCI Group, Inc. $HCI

Jefferies Financial Group Inc. bought a new position in shares of HCI Group, Inc. (NYSE:HCI) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 11,884 shares of the insurance provider’s stock, valued at approximately $2,083,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of HCI Group by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 71 shares during the period. NDVR Inc. increased its holdings in HCI Group by 7.0% during the 4th quarter. NDVR Inc. now owns 1,236 shares of the insurance provider’s stock worth $237,000 after purchasing an additional 81 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of HCI Group by 2.0% in the 4th quarter. Captrust Financial Advisors now owns 4,711 shares of the insurance provider’s stock valued at $903,000 after purchasing an additional 91 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of HCI Group by 2.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,794 shares of the insurance provider’s stock valued at $920,000 after purchasing an additional 94 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of HCI Group by 1.6% in the first quarter. Illinois Municipal Retirement Fund now owns 6,011 shares of the insurance provider’s stock valued at $929,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Zacks Research cut HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings lowered shares of HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Citigroup restated a “market outperform” rating on shares of HCI Group in a report on Friday, August 7th. Finally, Citizens Jmp lifted their price target on shares of HCI Group from $255.00 to $265.00 and gave the company a “market outperform” rating in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.67.

HCI Group Price Performance

Shares of HCI opened at $186.20 on Friday. 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 fifty day simple moving average is $180.44 and its 200 day simple moving average is $165.79. HCI Group, Inc. has a 1-year low of $144.75 and a 1-year high of $210.50. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 8.03 and a beta of 1.04.

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

HCI Group Announces Dividend

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