BNP Paribas Financial Markets Boosts Holdings in HCI Group, Inc. (NYSE:HCI)

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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,361 shares of the insurance provider's stock after buying an additional 5,843 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.26% of HCI Group worth $3,188,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of HCI Group in the fourth quarter worth $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of HCI Group in the fourth quarter worth $211,000. Integrated Quantitative Investments LLC acquired a new stake in shares of HCI Group in the fourth quarter worth $281,000. Clare Market Investments LLC acquired a new stake in shares of HCI Group in the fourth quarter worth $296,000. Finally, Ieq Capital LLC acquired a new stake in shares of HCI Group in the fourth quarter worth $311,000. Institutional investors own 86.99% of the company's stock.

HCI Group Stock Performance

HCI traded down $0.18 on Tuesday, reaching $167.65. The stock had a trading volume of 53,062 shares, compared to its average volume of 127,914. HCI Group, Inc. has a 12-month low of $83.64 and a 12-month high of $176.40. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The business's 50-day moving average price is $146.45 and its two-hundred day moving average price is $128.62. The company has a market cap of $1.94 billion, a P/E ratio of 13.93 and a beta of 1.23.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, beating analysts' consensus estimates of $4.49 by $0.86. The company 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%. Sell-side analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, May 16th. HCI Group's payout ratio is 15.47%.

Analyst Upgrades and Downgrades

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

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.