Deutsche Bank AG Invests $2.16 Million in HCI Group, Inc. $HCI

Key Points

• Deutsche Bank initiated a $2.16 million position in HCI Group during the second quarter, buying 12,322 shares and acquiring approximately 0.10% of the insurer. Institutional investors and hedge funds collectively own 86.99% of the company.
• Analysts remain broadly positive, with five Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $241.67. Citizens JMP raised its target to $265, while other firms maintained favorable ratings.
• HCI Group reported quarterly EPS of $5.60, exceeding the $5.04 consensus estimate, on revenue of $246.65 million. The company also declared a quarterly dividend of $0.40, or $1.60 annually, representing a 0.9% yield.

Deutsche Bank AG bought a new stake in HCI Group, Inc. (NYSE:HCI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,322 shares of the insurance provider's stock, valued at approximately $2,159,000. Deutsche Bank AG owned about 0.10% of HCI Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Freestone Grove Partners LP lifted its stake in HCI Group by 353.6% in the fourth quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider's stock valued at $52,735,000 after buying an additional 214,464 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of HCI Group by 2,944.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 116,858 shares of the insurance provider's stock valued at $18,067,000 after acquiring an additional 113,019 shares during the period. Danske Bank A S purchased a new position in shares of HCI Group during the third quarter worth approximately $19,256,000. Bank of New York Mellon Corp purchased a new position in shares of HCI Group during the second quarter worth approximately $13,805,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of HCI Group by 129.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 125,399 shares of the insurance provider's stock valued at $24,038,000 after acquiring an additional 70,662 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HCI. Citigroup reiterated a "market outperform" rating on shares of HCI Group in a research report on Friday, August 7th. Citizens Jmp raised their price objective on shares of HCI Group from $255.00 to $265.00 and gave the stock a "market outperform" rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of HCI Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th. Cantor Fitzgerald began coverage on shares of HCI Group in a report on Thursday, July 9th. They issued an "overweight" rating and a $225.00 target price for the company. Finally, Zacks Research downgraded shares of HCI Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $241.67.

HCI Group Trading Down 0.3%

NYSE HCI opened at $186.56 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.32 billion, a P/E ratio of 8.04 and a beta of 1.04. HCI Group, Inc. has a 52-week low of $144.75 and a 52-week high of $210.50. The firm has a 50-day moving average price of $180.00 and a 200 day moving average price of $165.65.

HCI Group (NYSE:HCI - Get Free Report) last released its earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.56. The company had revenue of $246.65 million for the quarter, compared to analysts' expectations of $247.43 million. HCI Group had a return on equity of 28.80% and a net margin of 32.60%. Equities research analysts expect that HCI Group, Inc. will post 19.47 EPS for the current year.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be given a $0.40 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.60 annualized dividend and a yield of 0.9%. HCI Group's dividend payout ratio is presently 6.90%.

HCI Group Company Profile

HCI Group, Inc NYSE: HCI is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.

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