Odyssean LLC Boosts Holdings in HCI Group, Inc. $HCI

Odyssean LLC lifted its position in shares of HCI Group, Inc. (NYSE:HCI) by 112.4% during the second quarter, HoldingsChannel reports. The firm owned 18,528 shares of the insurance provider’s stock after purchasing an additional 9,805 shares during the quarter. HCI Group comprises about 0.5% of Odyssean LLC’s holdings, making the stock its 24th largest holding. Odyssean LLC’s holdings in HCI Group were worth $3,247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transamerica Financial Advisors LLC increased its stake in HCI Group by 519.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after buying an additional 135 shares during the period. EverSource Wealth Advisors LLC boosted its position in HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares during the last quarter. Farther Finance Advisors LLC boosted its position in HCI Group by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock valued at $35,000 after buying an additional 71 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of HCI Group during the first quarter valued at about $46,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of HCI Group during the fourth quarter valued at about $79,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

HCI Group Price Performance

HCI opened at $186.35 on Friday. The company has a market capitalization of $2.32 billion, a P/E ratio of 8.03 and a beta of 1.03. The company has a 50-day moving average of $181.80 and a 200-day moving average of $166.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69. HCI Group, Inc. has a 1-year low of $144.75 and a 1-year high of $210.50.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $5.60 EPS for the quarter, topping the consensus estimate of $5.04 by $0.56. The business had revenue of $246.65 million for 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 analysts expect that HCI Group, Inc. will post 19.47 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued 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 dividend payout ratio (DPR) is currently 6.90%.

Analysts Set New Price Targets

HCI has been the topic of several recent analyst reports. Citizens Jmp boosted their price target 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 lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings lowered HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Cantor Fitzgerald began coverage on HCI Group in a research note on Thursday, July 9th. They set an “overweight” rating and a $225.00 target price for the company. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.