Raymond James Financial Inc. Acquires Shares of 23,282 HCI Group, Inc. (NYSE:HCI)

Raymond James Financial Inc. bought a new stake in HCI Group, Inc. (NYSE:HCI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,282 shares of the insurance provider's stock, valued at approximately $2,713,000. Raymond James Financial Inc. owned about 0.22% of HCI Group at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of HCI Group by 28.4% during the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock valued at $60,000 after acquiring an additional 113 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in HCI Group in the fourth quarter valued at approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in HCI Group in the fourth quarter valued at approximately $211,000. Integrated Quantitative Investments LLC acquired a new position in HCI Group during the fourth quarter worth approximately $281,000. Finally, Clare Market Investments LLC purchased a new position in HCI Group during the fourth quarter worth approximately $296,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

HCI Group Trading Down 0.3 %

Shares of NYSE HCI traded down $0.39 during trading on Thursday, hitting $145.91. 66,863 shares of the company traded hands, compared to its average volume of 143,792. The firm has a market capitalization of $1.57 billion, a P/E ratio of 12.19 and a beta of 1.12. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $139.79 and a 200-day moving average price of $124.72. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $151.88.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, topping the consensus estimate of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The company had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. On average, equities analysts predict that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, May 16th. This represents a $1.60 annualized dividend and a yield of 1.10%. HCI Group's dividend payout ratio is currently 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.