HCI Group, Inc. (NYSE:HCI) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 27.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,361 shares of the insurance provider's stock after buying an additional 5,843 shares during the period. BNP Paribas Financial Markets owned approximately 0.26% of HCI Group worth $3,188,000 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 added to or reduced their stakes in HCI. Exchange Traded Concepts LLC increased its holdings in shares of HCI Group by 5.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,508 shares of the insurance provider's stock valued at $3,322,000 after acquiring an additional 1,400 shares in the last quarter. Precision Wealth Strategies LLC acquired a new position in HCI Group during the 4th quarter valued at approximately $432,000. Allspring Global Investments Holdings LLC raised its holdings in shares of HCI Group by 80.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock worth $11,781,000 after buying an additional 45,920 shares during the last quarter. New York State Teachers Retirement System lifted its stake 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 worth $1,223,000 after buying an additional 100 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of HCI Group by 1.1% during the fourth quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock valued at $2,600,000 after buying an additional 232 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

HCI Group Stock Performance

HCI traded up $0.64 during trading on Wednesday, reaching $167.30. 10,842 shares of the company's stock were exchanged, compared to its average volume of 138,053. 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 1 year low of $83.65 and a 1 year high of $176.40. The company's fifty day simple moving average is $147.04 and its 200-day simple moving average is $128.88. The stock has a market capitalization of $1.93 billion, a P/E ratio of 13.98 and a beta of 1.23.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.86. The business had revenue of $216.43 million during the quarter, compared to analysts' expectations of $214.89 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. As a group, research analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal 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 given a $0.40 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.60 annualized dividend and a yield of 0.96%. HCI Group's dividend payout ratio is presently 15.47%.

Analyst Ratings Changes

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

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.