State of Wyoming Has $113,000 Stock Position in HCI Group, Inc. (NYSE:HCI)

State of Wyoming reduced its stake in HCI Group, Inc. (NYSE:HCI - Free Report) by 78.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 973 shares of the insurance provider's stock after selling 3,482 shares during the period. State of Wyoming's holdings in HCI Group were worth $113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HCI. ProShare Advisors LLC bought a new stake in HCI Group during the 4th quarter worth approximately $291,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 acquiring an additional 247 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in HCI Group during the 4th quarter worth approximately $255,000. Graham Capital Management L.P. grew its position in HCI Group by 8.5% during the 4th quarter. Graham Capital Management L.P. now owns 8,864 shares of the insurance provider's stock worth $1,033,000 after acquiring an additional 695 shares during the last quarter. Finally, FJ Capital Management LLC boosted its position in HCI Group by 65.7% in the 4th quarter. FJ Capital Management LLC now owns 62,250 shares of the insurance provider's stock valued at $7,254,000 after buying an additional 24,682 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

HCI Group Trading Up 0.0%

HCI stock traded up $0.07 during midday trading on Thursday, hitting $162.61. 44,369 shares of the company's stock were exchanged, compared to its average volume of 136,599. The stock's fifty day moving average price is $150.25 and its 200-day moving average price is $130.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $1.88 billion, a PE ratio of 13.59 and a beta of 1.23. HCI Group, Inc. has a one year low of $83.65 and a one year high of $176.40.

HCI Group (NYSE:HCI - Get Free Report) last posted its earnings results 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 firm 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%. Research analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be issued 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 yield of 0.98%. HCI Group's dividend payout ratio is presently 15.47%.

Analyst Upgrades and Downgrades

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

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.