Royce & Associates LP Sells 3,866 Shares of HCI Group, Inc. $HCI

Royce & Associates LP trimmed its position in shares of HCI Group, Inc. (NYSE:HCI) by 27.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,365 shares of the insurance provider’s stock after selling 3,866 shares during the period. Royce & Associates LP owned approximately 0.08% of HCI Group worth $1,987,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HCI. Envestnet Asset Management Inc. raised its position in shares of HCI Group by 175.0% during the third quarter. Envestnet Asset Management Inc. now owns 13,985 shares of the insurance provider’s stock valued at $2,684,000 after buying an additional 8,899 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of HCI Group during the third quarter valued at about $1,340,000. American Century Companies Inc. raised its position in shares of HCI Group by 6.7% during the third quarter. American Century Companies Inc. now owns 556,670 shares of the insurance provider’s stock valued at $106,842,000 after buying an additional 35,029 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of HCI Group by 28.4% during the third quarter. Principal Financial Group Inc. now owns 73,685 shares of the insurance provider’s stock valued at $14,142,000 after buying an additional 16,287 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of HCI Group by 10.4% during the fourth quarter. Assetmark Inc. now owns 35,806 shares of the insurance provider’s stock valued at $6,864,000 after buying an additional 3,380 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

HCI Group Stock Performance

NYSE:HCI opened at $153.99 on Friday. HCI Group, Inc. has a 12-month low of $136.37 and a 12-month high of $210.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.97 billion, a PE ratio of 6.76 and a beta of 1.09. The firm has a 50-day moving average price of $154.54 and a 200 day moving average price of $166.28.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The firm had revenue of $242.88 million during the quarter, compared to analyst estimates of $245.09 million. Research analysts anticipate that HCI Group, Inc. will post 17.82 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. HCI Group’s dividend payout ratio is currently 7.02%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings raised shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, HCI Group has a consensus rating of “Buy” and an average target price of $245.00.

HCI Group Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.