HCI Group, Inc. (NYSE:HCI) Position Lowered by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its stake in shares of HCI Group, Inc. (NYSE:HCI) by 27.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 444 shares of the insurance provider’s stock after selling 167 shares during the period. Ameritas Investment Partners Inc.’s holdings in HCI Group were worth $44,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mach 1 Financial Group Inc. lifted its position in shares of HCI Group by 833.9% during the second quarter. Mach 1 Financial Group Inc. now owns 551 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 492 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of HCI Group during the first quarter worth about $66,000. Mutual of America Capital Management LLC lifted its position in shares of HCI Group by 11.8% during the second quarter. Mutual of America Capital Management LLC now owns 929 shares of the insurance provider’s stock worth $92,000 after purchasing an additional 98 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of HCI Group during the first quarter worth about $80,000. Finally, Bronson Point Management LLC bought a new position in shares of HCI Group during the first quarter worth about $131,000. 62.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:HCI opened at $106.53 on Friday. The firm’s 50 day moving average is $104.22 and its two-hundred day moving average is $88.51. HCI Group, Inc. has a 52 week low of $46.30 and a 52 week high of $119.29. The firm has a market capitalization of $900.60 million, a P/E ratio of 35.04 and a beta of 0.74. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, August 5th. The insurance provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.03 by $0.08. HCI Group had a net margin of 7.02% and a negative return on equity of 2.84%. Analysts predict that HCI Group, Inc. will post 1.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 17th. Stockholders of record on Friday, August 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, August 19th. HCI Group’s dividend payout ratio (DPR) is presently 46.51%.

HCI has been the topic of several research reports. Zacks Investment Research lowered shares of HCI Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 4th. Truist Securities increased their price objective on shares of HCI Group from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 2nd. Finally, Truist increased their price objective on shares of HCI Group from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 2nd.

HCI Group Company Profile

HCI Group, Inc engages in the business of property and casualty insurance, reinsurance, real estate and information technology. It operates through the following segments: Insurance Operations, Real Estate, and Corporate and Others. The Insurance Operations segment includes the property and casualty insurance division and reinsurance division.

Further Reading: How does equity income fit into an investing strategy?

Want to see what other hedge funds are holding HCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCI Group, Inc. (NYSE:HCI).

Institutional Ownership by Quarter for HCI Group (NYSE:HCI)

Receive News & Ratings for HCI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group and related companies with MarketBeat.com's FREE daily email newsletter.