Invesco Ltd. Buys 54,803 Shares of HCI Group, Inc. (NYSE:HCI)

Invesco Ltd. grew its stake in shares of HCI Group, Inc. (NYSE:HCI) by 93.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 113,710 shares of the insurance provider’s stock after buying an additional 54,803 shares during the quarter. Invesco Ltd. owned approximately 1.08% of HCI Group worth $13,251,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HCI. Vanguard Group Inc. boosted its position in HCI Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider’s stock worth $69,603,000 after buying an additional 7,732 shares during the period. Geode Capital Management LLC lifted its holdings in shares of 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 period. American Century Companies Inc. grew its stake in shares of HCI Group by 16.3% in the fourth quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider’s stock worth $19,631,000 after purchasing an additional 23,610 shares during the last quarter. Wellington Management Group LLP increased 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 purchasing an additional 8,101 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in HCI Group by 80.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider’s stock worth $11,781,000 after purchasing an additional 45,920 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Trading Down 3.3 %

NYSE HCI opened at $141.26 on Tuesday. The firm has a market capitalization of $1.52 billion, a PE ratio of 11.80 and a beta of 1.12. The business’s 50-day moving average price is $136.29 and its two-hundred day moving average price is $123.02. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $151.88.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of ($2.75) by $3.06. The business had revenue of $161.88 million during the quarter, compared to the consensus estimate of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. On average, analysts expect that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. HCI Group’s dividend payout ratio (DPR) is currently 18.18%.

HCI Group Company 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.