HCI Group, Inc. (NYSE:HCI) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its holdings in HCI Group, Inc. (NYSE:HCI - Free Report) by 72.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 675 shares of the insurance provider's stock after selling 1,747 shares during the quarter. Tower Research Capital LLC TRC's holdings in HCI Group were worth $79,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HCI. GAMMA Investing LLC raised its stake in HCI Group by 28.4% in the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock worth $60,000 after acquiring an additional 113 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of HCI Group during the fourth quarter worth about $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in HCI Group during the 4th quarter worth approximately $211,000. Integrated Quantitative Investments LLC acquired a new stake in HCI Group during the 4th quarter valued at approximately $281,000. Finally, Clare Market Investments LLC purchased a new stake in shares of HCI Group in the 4th quarter valued at $296,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

Wall Street Analyst Weigh In

Separately, JMP Securities raised their target price on shares of HCI Group from $165.00 to $210.00 and gave the stock a "market outperform" rating in a report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $156.25.

HCI Group Trading Up 8.0 %

HCI Group stock opened at $167.29 on Friday. 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 firm has a market cap of $1.80 billion, a PE ratio of 13.98 and a beta of 1.23. The stock's 50 day simple moving average is $143.19 and its two-hundred day simple moving average is $126.52. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $176.40.

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

HCI Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. HCI Group's payout ratio is 18.18%.

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.

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