HCI Group, Inc. $HCI Shares Sold by Koss Olinger Consulting LLC

by · The Cerbat Gem

Koss Olinger Consulting LLC reduced its stake in HCI Group, Inc. (NYSE:HCI – Free Report) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,016 shares of the insurance provider’s stock after selling 325 shares during the period. Koss Olinger Consulting LLC’s holdings in HCI Group were worth $763,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in HCI Group by 16.6% in the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock valued at $89,000 after buying an additional 85 shares during the last quarter. Principal Financial Group Inc. boosted its position in HCI Group by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 61,664 shares of the insurance provider’s stock valued at $9,202,000 after buying an additional 1,332 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in HCI Group by 22.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,886 shares of the insurance provider’s stock valued at $1,326,000 after buying an additional 1,612 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in HCI Group in the 1st quarter valued at about $1,432,000. Finally, Cerity Partners LLC purchased a new position in HCI Group in the 1st quarter valued at about $274,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Stock Performance

Shares of HCI stock opened at $203.96 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. HCI Group, Inc. has a one year low of $105.00 and a one year high of $210.50. The company’s 50-day simple moving average is $182.24 and its 200-day simple moving average is $161.75. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 18.08 and a beta of 1.17.

HCI Group (NYSE:HCI – Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 EPS for the quarter, topping the consensus estimate of $4.47 by $0.71. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. The business had revenue of $221.92 million for the quarter, compared to analysts’ expectations of $218.98 million. Equities analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. HCI Group’s dividend payout ratio (DPR) is currently 14.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HCI shares. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of HCI Group in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $181.25.

Check Out Our Latest Analysis on HCI

HCI Group Company Profile

(Free Report)

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.

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