HCI Group, Inc. $HCI Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its position in HCI Group, Inc. by 0.9%, currently holding approximately 591,711 shares valued at $88.3 million.
• HCI Group reported earnings of $5.18 per share, surpassing analysts' expectations of $4.47 for the quarter, with a revenue of $221.92 million.
• The company announced a quarterly dividend of $0.40 per share, which will be paid to stockholders on September 19th, reflecting a 1.0% dividend yield.

Vanguard Group Inc. trimmed its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591,711 shares of the insurance provider's stock after selling 5,584 shares during the period. Vanguard Group Inc. owned about 5.50% of HCI Group worth $88,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in HCI Group by 5.5% during the fourth quarter. Wellington Management Group LLP now owns 154,839 shares of the insurance provider's stock worth $18,043,000 after buying an additional 8,101 shares in the last quarter. Balyasny Asset Management L.P. increased its position in HCI Group by 2,878.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 114,689 shares of the insurance provider's stock worth $13,365,000 after purchasing an additional 110,838 shares in the last quarter. GAMMA Investing LLC raised its stake in HCI Group by 17,305.3% in the 1st quarter. GAMMA Investing LLC now owns 88,941 shares of the insurance provider's stock valued at $132,730,000 after purchasing an additional 88,430 shares during the last quarter. Northern Trust Corp lifted its holdings in HCI Group by 9.1% in the 4th quarter. Northern Trust Corp now owns 88,230 shares of the insurance provider's stock valued at $10,281,000 after purchasing an additional 7,349 shares in the last quarter. Finally, Park West Asset Management LLC purchased a new position in HCI Group in the 4th quarter valued at about $7,499,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analyst Ratings Changes

HCI has been the subject of a number of recent research reports. Compass Point upgraded shares of HCI Group from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $148.00 to $205.00 in a report on Friday, May 30th. Wall Street Zen downgraded HCI Group from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, JMP Securities raised their price objective on HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a report on Monday, May 19th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $181.25.

HCI Group Trading Down 0.9%

HCI traded down $1.49 during trading on Monday, hitting $163.97. 133,302 shares of the company's stock were exchanged, compared to its average volume of 149,915. HCI Group, Inc. has a 1 year low of $91.06 and a 1 year high of $176.40. The stock has a 50 day moving average price of $146.96 and a 200 day moving average price of $145.73. The firm has a market cap of $2.13 billion, a P/E ratio of 14.63 and a beta of 1.24. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.

HCI Group (NYSE:HCI - Get Free Report) last posted its earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, beating the consensus estimate of $4.47 by $0.71. The business had revenue of $221.92 million for the quarter, compared to analyst estimates of $218.98 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. As a group, analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 15th. HCI Group's dividend payout ratio is currently 14.18%.

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.