Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.53 Million Investment in HCI Group, Inc. (NYSE:HCI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,259 shares of the insurance provider's stock, valued at approximately $3,526,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.29% of HCI Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Precision Wealth Strategies LLC purchased a new position in HCI Group during the 4th quarter valued at $432,000. Allspring Global Investments Holdings LLC boosted its stake in shares of HCI Group by 80.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock valued at $11,781,000 after purchasing an additional 45,920 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of HCI Group by 1.0% during the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock valued at $1,223,000 after buying an additional 100 shares during the period. Rhumbline Advisers grew its holdings in shares of HCI Group by 1.1% during the 4th quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock worth $2,600,000 after acquiring an additional 232 shares during the period. Finally, Principal Financial Group Inc. grew its stake in HCI Group by 7.4% in the fourth quarter. Principal Financial Group Inc. now owns 60,332 shares of the insurance provider's stock worth $7,030,000 after purchasing an additional 4,152 shares during the period. Institutional investors own 86.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HCI shares. Compass Point raised HCI Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $148.00 to $205.00 in a research report on Friday. JMP Securities raised their price target on 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, HCI Group has a consensus rating of "Moderate Buy" and an average price target of $181.25.

HCI Group Stock Performance

Shares of NYSE:HCI traded down $5.77 during mid-day trading on Tuesday, reaching $165.52. 130,547 shares of the company traded hands, compared to its average volume of 137,027. The company's 50 day moving average price is $151.80 and its 200-day moving average price is $132.15. The firm has a market cap of $1.91 billion, a PE ratio of 13.83 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.

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, beating the consensus estimate of $4.49 by $0.86. The business had revenue of $216.43 million for the quarter, compared to the consensus estimate of $214.89 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. On average, 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 announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, May 16th. HCI Group's dividend payout ratio is currently 15.47%.

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.