Quadrature Capital Ltd Boosts Stock Position in HCI Group, Inc. (NYSE:HCI)

Quadrature Capital Ltd raised its stake in shares of HCI Group, Inc. (NYSE:HCI) by 19.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 35,520 shares of the insurance provider’s stock after buying an additional 5,676 shares during the period. Quadrature Capital Ltd’s holdings in HCI Group were worth $4,120,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in HCI Group by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock valued at $58,034,000 after buying an additional 31,234 shares during the last quarter. Wasatch Advisors LP grew its holdings in HCI Group by 5.1% during the 4th quarter. Wasatch Advisors LP now owns 186,053 shares of the insurance provider’s stock valued at $16,261,000 after buying an additional 8,992 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in HCI Group by 344.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 72,022 shares of the insurance provider’s stock valued at $8,360,000 after buying an additional 55,817 shares during the last quarter. Wellington Management Group LLP acquired a new stake in HCI Group during the 4th quarter valued at $5,633,000. Finally, Principal Financial Group Inc. grew its holdings in HCI Group by 45.0% during the 1st quarter. Principal Financial Group Inc. now owns 45,387 shares of the insurance provider’s stock valued at $5,269,000 after buying an additional 14,086 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Trading Up 1.4 %

Shares of HCI traded up $1.30 during trading hours on Friday, hitting $91.36. The stock had a trading volume of 94,358 shares, compared to its average volume of 132,853. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $957.45 million, a P/E ratio of 9.29 and a beta of 1.13. The company’s fifty day simple moving average is $93.10 and its 200 day simple moving average is $99.97. HCI Group, Inc. has a 12-month low of $48.84 and a 12-month high of $121.57.

HCI Group (NYSE:HCI) last issued its earnings results on Wednesday, May 8th. The insurance provider reported $3.65 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.91. The business had revenue of $206.61 million for the quarter, compared to analyst estimates of $189.17 million. HCI Group had a return on equity of 40.30% and a net margin of 17.72%. Equities research analysts forecast that HCI Group, Inc. will post 11.63 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, August 16th. HCI Group’s dividend payout ratio (DPR) is currently 16.28%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JMP Securities raised their price objective on HCI Group from $120.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, May 9th. Oppenheimer restated an “outperform” rating and set a $140.00 price objective on shares of HCI Group in a report on Friday, April 5th. Finally, StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, HCI Group currently has a consensus rating of “Moderate Buy” and an average target price of $127.75.

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.