HCI Group, Inc. (NYSE:HCI) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,230 shares of the insurance provider's stock after acquiring an additional 7,349 shares during the quarter. Northern Trust Corp owned approximately 0.84% of HCI Group worth $10,281,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HCI. Hood River Capital Management LLC lifted its stake in HCI Group by 15.7% during the fourth quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider's stock worth $109,538,000 after purchasing an additional 127,332 shares during the last quarter. Khrom Capital Management LLC lifted its stake in HCI Group by 20.7% during the fourth quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider's stock worth $92,778,000 after purchasing an additional 136,642 shares during the last quarter. Vanguard Group Inc. lifted its stake in HCI Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider's stock worth $69,603,000 after purchasing an additional 7,732 shares during the last quarter. Wasatch Advisors LP lifted its stake in HCI Group by 288.9% during the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock worth $34,300,000 after purchasing an additional 218,664 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in HCI Group by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 227,567 shares of the insurance provider's stock worth $26,524,000 after purchasing an additional 7,746 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities boosted their target price on HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $160.00.

HCI Group Stock Up 1.1%

HCI stock traded up $1.84 during trading on Friday, hitting $164.95. 71,384 shares of the company's stock were exchanged, compared to its average volume of 137,926. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 13.78 and a beta of 1.23. HCI Group, Inc. has a 52-week low of $83.65 and a 52-week high of $176.40. The business has a 50-day moving average price of $148.61 and a two-hundred day moving average price of $129.82. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The insurance provider reported $5.35 EPS for the quarter, topping the consensus estimate of $4.49 by $0.86. The company had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. As a group, equities research analysts expect that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, May 16th. HCI Group's dividend payout ratio (DPR) is 15.47%.

HCI Group Company 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.