HCI Group, Inc. (NYSE:HCI) is Khrom Capital Management LLC’s 4th Largest Position

Khrom Capital Management LLC grew its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 796,170 shares of the insurance provider’s stock after buying an additional 136,642 shares during the quarter. HCI Group accounts for approximately 10.5% of Khrom Capital Management LLC’s holdings, making the stock its 4th biggest holding. Khrom Capital Management LLC owned approximately 7.55% of HCI Group worth $92,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MetLife Investment Management LLC increased its position in HCI Group by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider’s stock valued at $585,000 after purchasing an additional 328 shares during the period. First Trust Advisors LP acquired a new stake in shares of HCI Group in the fourth quarter worth $516,000. Wasatch Advisors LP boosted its position in HCI Group by 288.9% in the 4th quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider’s stock worth $34,300,000 after purchasing an additional 218,664 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in HCI Group in the fourth quarter valued at approximately $2,713,000. Finally, Invesco Ltd. grew its stake in HCI Group by 93.0% in the 4th quarter. Invesco Ltd. now owns 113,710 shares of the insurance provider’s stock valued at $13,251,000 after acquiring an additional 54,803 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Price Performance

HCI stock opened at $141.26 on Tuesday. The firm has a market capitalization of $1.52 billion, a PE ratio of 11.80 and a beta of 1.12. 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 business has a 50 day simple moving average of $136.29 and a 200-day simple moving average of $123.02. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $151.88.

HCI Group (NYSE:HCI) last announced 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. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The firm had revenue of $161.88 million for the quarter, compared to the consensus estimate of $175.11 million. Equities research analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. HCI Group’s dividend payout ratio (DPR) is 18.18%.

HCI Group Company Profile

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.