HCI Group, Inc. $HCI Shares Sold by Danske Bank A S

Key Points

• Danske Bank A/S cut its position in HCI Group by 7.2% in Q4, selling 7,269 shares and now holds 93,060 shares (about 0.72% of the company), valued at roughly $17.84 million.
• HCI posted a strong quarterly beat with EPS $7.25 vs. $4.87 expected and revenue of $246.24 million, reporting a 36.34% ROE and a 33.19% net margin.
• The company declared a quarterly dividend of $0.40 (annualized $1.60, ~1.0% yield; ex-dividend May 15), while analysts carry a consensus rating of Moderate Buy and an average price target of $231.67; shares trade around $152.65 (P/E 6.73).

Danske Bank A S decreased its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,060 shares of the insurance provider's stock after selling 7,269 shares during the period. Danske Bank A S owned about 0.72% of HCI Group worth $17,839,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HCI. Envestnet Asset Management Inc. boosted its holdings in HCI Group by 175.0% in the third quarter. Envestnet Asset Management Inc. now owns 13,985 shares of the insurance provider's stock valued at $2,684,000 after purchasing an additional 8,899 shares during the period. American Century Companies Inc. boosted its holdings in HCI Group by 6.7% in the third quarter. American Century Companies Inc. now owns 556,670 shares of the insurance provider's stock valued at $106,842,000 after purchasing an additional 35,029 shares during the period. CX Institutional purchased a new position in HCI Group in the third quarter valued at $7,991,000. Quantbot Technologies LP purchased a new position in HCI Group in the third quarter valued at $1,340,000. Finally, CWM LLC boosted its holdings in HCI Group by 242.3% in the third quarter. CWM LLC now owns 5,692 shares of the insurance provider's stock valued at $1,092,000 after purchasing an additional 4,029 shares during the period. Institutional investors and hedge funds own 86.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HCI. Weiss Ratings lowered HCI Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, April 21st. Wall Street Zen upgraded HCI Group from a "buy" rating to a "strong-buy" rating in a report on Sunday. Zacks Research upgraded HCI Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. Finally, Citigroup reiterated a "market outperform" rating on shares of HCI Group in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $231.67.

HCI Group Stock Up 0.2%

Shares of NYSE HCI opened at $152.65 on Monday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50-day moving average of $158.38 and a two-hundred day moving average of $171.93. HCI Group, Inc. has a 1 year low of $136.37 and a 1 year high of $210.50.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $7.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.87 by $2.38. The company had revenue of $246.24 million during the quarter, compared to the consensus estimate of $232.36 million. HCI Group had a return on equity of 36.34% and a net margin of 33.19%. On average, analysts forecast that HCI Group, Inc. will post 16.88 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. HCI Group's payout ratio is 7.05%.

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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