Deutsche Bank AG Has $804,000 Stock Position in HCI Group, Inc. (NYSE:HCI)

Deutsche Bank AG raised its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 52.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,897 shares of the insurance provider's stock after buying an additional 2,381 shares during the quarter. Deutsche Bank AG owned 0.07% of HCI Group worth $804,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HCI. Precision Wealth Strategies LLC acquired a new position in shares of HCI Group in the 4th quarter valued at about $432,000. Allspring Global Investments Holdings LLC increased its holdings in shares of HCI Group by 80.6% in 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 purchasing an additional 45,920 shares during the period. New York State Teachers Retirement System increased its holdings in shares of 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 purchasing an additional 100 shares during the period. Rhumbline Advisers increased its holdings in shares of HCI Group by 1.1% in the 4th quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock valued at $2,600,000 after purchasing an additional 232 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of HCI Group by 7.4% in the 4th quarter. Principal Financial Group Inc. now owns 60,332 shares of the insurance provider's stock valued at $7,030,000 after purchasing an additional 4,152 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HCI has been the topic of a number of research reports. JMP Securities increased their price objective on HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a report on Monday, May 19th. Compass Point upgraded HCI Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $148.00 to $205.00 in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, HCI Group presently has a consensus rating of "Moderate Buy" and an average target price of $181.25.

HCI Group Stock Up 3.6%

NYSE:HCI traded up $5.87 during mid-day trading on Friday, reaching $168.72. The stock had a trading volume of 167,105 shares, compared to its average volume of 136,950. The business's 50 day moving average is $151.28 and its 200 day moving average is $131.73. HCI Group, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $176.40. The stock has a market cap of $1.95 billion, a P/E ratio of 14.10 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

HCI Group (NYSE:HCI - Get Free Report) last announced its earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.86. The firm had revenue of $216.43 million during the quarter, compared to analysts' expectations of $214.89 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. As a group, sell-side analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. HCI Group's payout ratio is currently 15.47%.

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.