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

Northern Trust Corp increased its holdings in HCI Group, Inc. (NYSE:HCI - Free Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,230 shares of the insurance provider's stock after purchasing an additional 7,349 shares during the quarter. Northern Trust Corp owned 0.84% of HCI Group worth $10,281,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hood River Capital Management LLC lifted its position in HCI Group by 15.7% in the 4th quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider's stock worth $109,538,000 after buying an additional 127,332 shares in the last quarter. Khrom Capital Management LLC lifted its position in HCI Group by 20.7% in the 4th quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider's stock worth $92,778,000 after buying an additional 136,642 shares in the last quarter. Vanguard Group Inc. lifted its position in HCI Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider's stock worth $69,603,000 after buying an additional 7,732 shares in the last quarter. Wasatch Advisors LP lifted its position in HCI Group by 288.9% in the 4th quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock worth $34,300,000 after buying an additional 218,664 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in HCI Group by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 227,567 shares of the insurance provider's stock worth $26,524,000 after buying an additional 7,746 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities increased their target price on shares of HCI Group from $165.00 to $210.00 and gave the stock a "market outperform" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.25.

HCI Group Stock Performance

Shares of HCI opened at $165.86 on Friday. The company's fifty day moving average is $145.90 and its 200-day moving average is $128.13. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $176.40. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 13.86 and a beta of 1.23. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI - Get Free Report) last announced 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. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The company had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. Equities analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. 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.

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