HCI Group, Inc. (NYSE:HCI) Stake Boosted by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in HCI Group, Inc. by 25.7%, owning 12,018 shares valued at approximately $1.79 million as of last reporting.
• HCI Group reported an EPS of $5.35, exceeding analyst expectations of $4.49, with revenue reaching $216.43 million for the quarter.
• The company has recently declared a quarterly dividend of $0.40 per share, projected to yield 1.16% annually.

Royce & Associates LP raised its position in HCI Group, Inc. (NYSE:HCI - Free Report) by 25.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,018 shares of the insurance provider's stock after buying an additional 2,458 shares during the quarter. Royce & Associates LP owned about 0.11% of HCI Group worth $1,793,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of HCI. GAMMA Investing LLC grew its stake in shares of HCI Group by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock worth $89,000 after purchasing an additional 85 shares during the period. Principal Financial Group Inc. grew its stake in shares of HCI Group by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 61,664 shares of the insurance provider's stock worth $9,202,000 after purchasing an additional 1,332 shares during the period. Victory Capital Management Inc. grew its stake in shares of HCI Group by 6.7% during the 1st quarter. Victory Capital Management Inc. now owns 22,897 shares of the insurance provider's stock worth $3,417,000 after purchasing an additional 1,443 shares during the period. Bank of America Corp DE grew its stake in shares of HCI Group by 208.3% during the 4th quarter. Bank of America Corp DE now owns 36,863 shares of the insurance provider's stock worth $4,296,000 after purchasing an additional 24,907 shares during the period. Finally, Northern Trust Corp grew its stake in shares of HCI Group by 9.1% during the 4th quarter. Northern Trust Corp now owns 88,230 shares of the insurance provider's stock worth $10,281,000 after purchasing an additional 7,349 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

HCI Group Trading Down 0.3%

NYSE:HCI traded down $0.43 on Friday, reaching $139.61. The stock had a trading volume of 31,646 shares, compared to its average volume of 132,396. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 13.50 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.56 and a quick ratio of 0.56. The firm's fifty day moving average is $150.64 and its two-hundred day moving average is $141.89. HCI Group, Inc. has a 12-month low of $87.00 and a 12-month high of $176.40.

HCI Group (NYSE:HCI - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $214.89 million. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. Equities analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. HCI Group's dividend payout ratio (DPR) is 15.47%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HCI shares. Compass Point raised shares of HCI Group from a "neutral" rating to a "buy" rating and upped their price target for the stock from $148.00 to $205.00 in a research note on Friday, May 30th. JMP Securities upped 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 given a buy rating to the stock. According to data from MarketBeat.com, HCI Group currently has an average rating of "Moderate Buy" and a consensus price target of $181.25.

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.