Dimensional Fund Advisors LP Cuts Stake in HCI Group, Inc. (NYSE:HCI)

Dimensional Fund Advisors LP decreased its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339,417 shares of the insurance provider's stock after selling 2,358 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.22% of HCI Group worth $39,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in HCI Group by 77.3% during the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider's stock worth $1,659,000 after purchasing an additional 6,756 shares during the period. Proficio Capital Partners LLC acquired a new position in HCI Group during the 4th quarter worth approximately $1,358,000. Invesco Ltd. grew its holdings in HCI Group by 93.0% during the 4th quarter. Invesco Ltd. now owns 113,710 shares of the insurance provider's stock worth $13,251,000 after acquiring an additional 54,803 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of HCI Group by 16.3% in the 4th quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock valued at $19,631,000 after purchasing an additional 23,610 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of HCI Group by 9.7% during the 4th quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider's stock worth $739,000 after purchasing an additional 559 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Stock Up 2.4 %

NYSE:HCI traded up $3.66 during trading hours on Thursday, hitting $154.51. The company's stock had a trading volume of 117,533 shares, compared to its average volume of 143,279. HCI Group, Inc. has a 52-week low of $83.65 and a 52-week high of $165.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1.66 billion, a P/E ratio of 12.91 and a beta of 1.23. The stock has a fifty day moving average of $142.24 and a 200-day moving average of $125.78.

HCI Group (NYSE:HCI - Get Free Report) last posted its earnings results on Thursday, May 8th. The insurance provider reported $5.35 EPS for the quarter, topping analysts' consensus estimates of $4.49 by $0.86. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. On average, equities analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. HCI Group's payout ratio 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.