UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in HCI Group, Inc. (NYSE:HCI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,051 shares of the insurance provider's stock after selling 2,737 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of HCI Group worth $2,570,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new position in HCI Group during the 4th quarter worth approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in HCI Group during the 4th quarter worth approximately $211,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of HCI Group in the 4th quarter valued at $255,000. Integrated Quantitative Investments LLC acquired a new position in shares of HCI Group in the 4th quarter valued at $281,000. Finally, ProShare Advisors LLC acquired a new position in shares of HCI Group in the 4th quarter valued at $291,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Compass Point upgraded shares of HCI Group from a "neutral" rating to a "buy" rating and upped their target price for the company from $148.00 to $205.00 in a report on Friday, May 30th. JMP Securities upped their target price 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $181.25.

HCI Group Stock Down 3.3%

Shares of HCI Group stock traded down $5.30 during trading hours on Tuesday, hitting $156.19. The company had a trading volume of 177,809 shares, compared to its average volume of 138,225. The company has a market cap of $1.80 billion, a P/E ratio of 13.05 and a beta of 1.26. The company's 50-day moving average is $153.60 and its two-hundred day moving average is $134.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. HCI Group, Inc. has a twelve month low of $83.65 and a twelve month high of $176.40.

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

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be given 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 1.02%. HCI Group's payout ratio is currently 15.47%.

HCI Group Company 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.