HCI Group, Inc. (NYSE:HCI) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 21.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,430 shares of the insurance provider's stock after selling 6,078 shares during the period. Exchange Traded Concepts LLC owned approximately 0.21% of HCI Group worth $3,347,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in shares of HCI Group by 80.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock valued at $11,781,000 after buying an additional 45,920 shares in the last quarter. New York State Teachers Retirement System lifted its stake in HCI Group by 1.0% in the 4th quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock valued at $1,223,000 after buying an additional 100 shares in the last quarter. Rhumbline Advisers boosted its holdings in HCI Group by 1.1% in the 4th quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock worth $2,600,000 after buying an additional 232 shares during the last quarter. Principal Financial Group Inc. increased its stake in HCI Group by 7.4% during the 4th quarter. Principal Financial Group Inc. now owns 60,332 shares of the insurance provider's stock worth $7,030,000 after buying an additional 4,152 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in shares of HCI Group during the fourth quarter valued at approximately $311,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HCI. Compass Point upgraded HCI Group from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $148.00 to $205.00 in a research report on Friday, May 30th. JMP Securities raised their price target on shares of HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.25.

HCI Group Trading Down 1.9%

NYSE:HCI traded down $2.79 during trading hours on Friday, hitting $146.02. The company had a trading volume of 127,946 shares, compared to its average volume of 139,177. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $176.40. The company has a market cap of $1.69 billion, a P/E ratio of 14.12 and a beta of 1.26. The company has a 50-day moving average of $155.76 and a 200 day moving average of $135.86. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.34.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.49 by $0.86. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. The firm had revenue of $216.43 million during the quarter, compared to analyst estimates of $214.89 million. Sell-side analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. HCI Group's dividend payout ratio (DPR) is 15.47%.

About HCI Group

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.