Two Sigma Advisers LP Sells 25,300 Shares of HCI Group, Inc. (NYSE:HCI)

Two Sigma Advisers LP lessened its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 16.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,500 shares of the insurance provider's stock after selling 25,300 shares during the period. Two Sigma Advisers LP owned about 1.20% of HCI Group worth $14,741,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new stake in HCI Group in the fourth quarter valued at approximately $1,358,000. Invesco Ltd. raised its stake in HCI Group by 93.0% in the fourth quarter. Invesco Ltd. now owns 113,710 shares of the insurance provider's stock valued at $13,251,000 after buying an additional 54,803 shares during the period. Northern Trust Corp raised its stake in HCI Group by 9.1% in the fourth quarter. Northern Trust Corp now owns 88,230 shares of the insurance provider's stock valued at $10,281,000 after buying an additional 7,349 shares during the period. American Century Companies Inc. raised its stake in HCI Group by 16.3% in the fourth quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock valued at $19,631,000 after buying an additional 23,610 shares during the period. Finally, HighTower Advisors LLC raised its stake in HCI Group by 9.7% in the fourth quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider's stock valued at $739,000 after buying an additional 559 shares during the period. Institutional investors own 86.99% of the company's stock.

Analysts Set New Price Targets

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

HCI Group Stock Performance

Shares of NYSE HCI traded up $0.34 during trading hours on Tuesday, reaching $165.58. 23,528 shares of the stock were exchanged, compared to its average volume of 125,851. The stock's fifty day simple moving average is $149.18 and its 200 day simple moving average is $130.33. HCI Group, Inc. has a 52 week low of $83.64 and a 52 week high of $176.40. 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 firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.83 and a beta of 1.23.

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

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be paid 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 0.97%. HCI Group's dividend payout ratio (DPR) is presently 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.