Man Group plc Cuts Position in HCI Group, Inc. (NYSE:HCI)

Man Group plc decreased its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 70.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,865 shares of the insurance provider's stock after selling 4,395 shares during the period. Man Group plc's holdings in HCI Group were worth $217,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HCI. Aquatic Capital Management LLC raised its position in shares of HCI Group by 1.7% during the 4th quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider's stock worth $664,000 after purchasing an additional 94 shares during the last quarter. New York State Teachers Retirement System increased its position in HCI Group by 1.0% during the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock worth $1,223,000 after purchasing an additional 100 shares during the last quarter. Rhumbline Advisers raised its position in shares of HCI Group by 1.1% during the 4th quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock valued at $2,600,000 after buying an additional 232 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of HCI Group by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider's stock worth $548,000 after purchasing an additional 247 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of HCI Group by 7.0% during the fourth quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider's stock valued at $585,000 after acquiring an additional 328 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Analyst Ratings Changes

Separately, JMP Securities lifted their price objective on shares of HCI Group from $210.00 to $225.00 and gave the company a "market outperform" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $160.00.

HCI Group Stock Up 0.0%

NYSE HCI traded up $0.07 on Thursday, hitting $162.61. 44,369 shares of the stock were exchanged, compared to its average volume of 136,768. The company has a market cap of $1.88 billion, a PE ratio of 13.59 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, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $176.40. The company has a 50-day moving average price of $150.25 and a 200-day moving average price of $130.79.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.86. The business had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.89 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Sell-side analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be given a $0.40 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.60 annualized dividend and a yield of 0.98%. HCI Group's dividend payout ratio (DPR) is 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.