ProShare Advisors LLC Takes $291,000 Position in HCI Group, Inc. (NYSE:HCI)

ProShare Advisors LLC acquired a new position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,500 shares of the insurance provider's stock, valued at approximately $291,000.

A number of other large investors have also recently made changes to their positions in the business. KLP Kapitalforvaltning AS purchased a new stake in shares of HCI Group during the fourth quarter valued at approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in HCI Group in the 4th quarter valued at $211,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of HCI Group during the 4th quarter worth $255,000. Integrated Quantitative Investments LLC bought a new position in HCI Group during the fourth quarter valued at about $281,000. Finally, Clare Market Investments LLC bought a new position in HCI Group during the fourth quarter valued at about $296,000. 86.99% of the stock is owned by institutional investors.

HCI Group Stock Performance

Shares of NYSE:HCI traded down $0.44 during trading on Wednesday, hitting $164.61. 35,590 shares of the company were exchanged, compared to its average volume of 136,756. The company has a market cap of $1.90 billion, a PE ratio of 13.80 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 company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a 50 day moving average of $152.15 and a 200 day moving average of $132.38.

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 (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 business had revenue of $216.43 million for the quarter, compared to analysts' expectations of $214.89 million. As a group, equities research analysts predict that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

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

Analysts Set New Price Targets

HCI has been the topic of several research reports. Compass Point raised shares of HCI Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $148.00 to $205.00 in a research report on Friday, May 30th. JMP Securities raised their price target on shares of HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a research note on Monday, May 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.25.

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.