Deutsche Bank AG Purchases 12,098 Shares of HCI Group, Inc. $HCI

Key Points

• Deutsche Bank AG has increased its holdings in HCI Group, Inc. by 175.4%, acquiring an additional 12,098 shares to own 18,995 shares valued at approximately $2.83 million.
• HCI Group reported earnings of $5.18 per share for the latest quarter, surpassing analysts’ expectations, and had a net margin of 18.58% and a return on equity of 25.84%.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized dividend of $1.60 and a dividend yield of 1.0%.

Deutsche Bank AG raised its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 175.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 18,995 shares of the insurance provider's stock after purchasing an additional 12,098 shares during the period. Deutsche Bank AG owned 0.18% of HCI Group worth $2,835,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HCI. GAMMA Investing LLC raised its holdings in HCI Group by 16.6% during the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock valued at $89,000 after acquiring an additional 85 shares during the period. Aquatic Capital Management LLC raised its holdings in HCI Group by 1.7% during the fourth quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider's stock valued at $664,000 after acquiring an additional 94 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in HCI Group by 5.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider's stock valued at $548,000 after acquiring an additional 247 shares during the period. SG Americas Securities LLC raised its holdings in HCI Group by 4.1% during the first quarter. SG Americas Securities LLC now owns 6,676 shares of the insurance provider's stock valued at $996,000 after acquiring an additional 265 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in HCI Group by 7.0% during the fourth quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider's stock valued at $585,000 after acquiring an additional 328 shares during the period. Institutional investors own 86.99% of the company's stock.

Wall Street Analyst Weigh In

HCI has been the subject of several research reports. Compass Point raised shares of HCI Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $148.00 to $205.00 in a report on Friday, May 30th. Wall Street Zen downgraded HCI Group from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, JMP Securities increased their price target on HCI Group from $210.00 to $225.00 and gave the company a "market outperform" rating in a research note on Monday, May 19th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $181.25.

HCI Group Price Performance

Shares of HCI Group stock traded down $0.5440 during trading hours on Monday, reaching $164.9160. The company's stock had a trading volume of 2,700 shares, compared to its average volume of 134,596. The firm has a 50 day moving average price of $146.77 and a 200-day moving average price of $145.44. HCI Group, Inc. has a one year low of $91.06 and a one year high of $176.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $2.14 billion, a P/E ratio of 14.68 and a beta of 1.24.

HCI Group (NYSE:HCI - Get Free Report) last posted its earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, topping analysts' consensus estimates of $4.47 by $0.71. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. The firm had revenue of $221.92 million for the quarter, compared to the consensus estimate of $218.98 million. On average, analysts predict that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 15th. HCI Group's dividend payout ratio (DPR) is 14.18%.

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.