HCI Group, Inc. (NYSE:HCI) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 49.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,267 shares of the insurance provider's stock after selling 91,298 shares during the period. Marshall Wace LLP owned 0.88% of HCI Group worth $10,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HCI. Vanguard Group Inc. raised its position in shares of HCI Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider's stock worth $69,603,000 after acquiring an additional 7,732 shares during the period. Wasatch Advisors LP grew its holdings in shares of HCI Group by 288.9% in the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock valued at $34,300,000 after purchasing an additional 218,664 shares during the period. Geode Capital Management LLC increased its position in HCI Group by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 227,567 shares of the insurance provider's stock worth $26,524,000 after purchasing an additional 7,746 shares during the last quarter. American Century Companies Inc. grew its stake in shares of HCI Group by 16.3% in the 4th quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock valued at $19,631,000 after buying an additional 23,610 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in HCI Group by 5.5% in the fourth quarter. Wellington Management Group LLP now owns 154,839 shares of the insurance provider's stock valued at $18,043,000 after acquiring an additional 8,101 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Trading Down 0.6 %

Shares of NYSE HCI traded down $0.83 during mid-day trading on Friday, reaching $142.09. 73,310 shares of the company's stock were exchanged, compared to its average volume of 144,445. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.87 and a beta of 1.12. HCI Group, Inc. has a 52-week low of $83.65 and a 52-week high of $151.88. The company's 50-day moving average is $138.18 and its 200-day moving average is $124.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.

HCI Group (NYSE:HCI - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.75) by $3.06. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The company had revenue of $161.88 million for the quarter, compared to analyst estimates of $175.11 million. Analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, May 16th. HCI Group's dividend payout ratio (DPR) 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.