Assetmark Inc. Buys 794 Shares of HCI Group, Inc. (NYSE:HCI)

Assetmark Inc. boosted its stake in HCI Group, Inc. (NYSE:HCI) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,546 shares of the insurance provider’s stock after purchasing an additional 794 shares during the period. Assetmark Inc. owned approximately 0.29% of HCI Group worth $3,560,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HCI. Point72 DIFC Ltd grew its position in 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 purchasing an additional 213 shares during the period. GAMMA Investing LLC grew its position in 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 purchasing an additional 113 shares during the period. Amalgamated Bank grew its position in HCI Group by 10.3% in the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock worth $258,000 after purchasing an additional 225 shares during the period. Ieq Capital LLC bought a new stake in shares of HCI Group during the 4th quarter valued at $311,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of HCI Group during the 3rd quarter valued at $370,000. Institutional investors own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

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

HCI Group Trading Up 1.0 %

Shares of HCI stock opened at $136.20 on Monday. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $140.72. The firm has a fifty day moving average price of $121.30 and a 200-day moving average price of $113.82. 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 company has a market cap of $1.47 billion, a price-to-earnings ratio of 11.38 and a beta of 1.14.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, topping 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 net margin of 19.37% and a return on equity of 34.17%. As a group, equities analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, February 21st. HCI Group’s dividend payout ratio 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.