Envestnet Asset Management Inc. Has $848,000 Stake in HCI Group, Inc. (NYSE:HCI)

Envestnet Asset Management Inc. increased its stake in HCI Group, Inc. (NYSE:HCI - Free Report) by 101.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,274 shares of the insurance provider's stock after acquiring an additional 3,664 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of HCI Group worth $848,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in HCI Group by 16.4% in the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider's stock valued at $6,015,000 after purchasing an additional 7,914 shares in the last quarter. Barclays PLC grew its stake in shares of HCI Group by 77.3% in the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider's stock valued at $1,659,000 after buying an additional 6,756 shares during the period. Proficio Capital Partners LLC bought a new stake in HCI Group in the 4th quarter valued at about $1,358,000. American Century Companies Inc. raised its stake in HCI Group by 16.3% during the 4th quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock worth $19,631,000 after buying an additional 23,610 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in HCI Group by 9.7% in the fourth quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider's stock worth $739,000 after acquiring an additional 559 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Price Performance

Shares of NYSE:HCI opened at $145.91 on Friday. 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 stock's 50 day moving average is $140.33 and its 200-day moving average is $124.93. HCI Group, Inc. has a twelve month low of $83.65 and a twelve month high of $151.88. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 12.19 and a beta of 1.12.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of ($2.75) by $3.06. The business had revenue of $161.88 million for the quarter, compared to analysts' expectations of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Sell-side analysts forecast that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be issued 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 (DPR) is currently 18.18%.

HCI Group 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.

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