HCI Group, Inc. (NYSE:HCI) Holdings Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 33.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,004 shares of the insurance provider’s stock after buying an additional 1,261 shares during the period. Wells Fargo & Company MN’s holdings in HCI Group were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HCI. Barclays PLC boosted its position in HCI Group by 77.3% during the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock worth $1,659,000 after acquiring an additional 6,756 shares during the period. Proficio Capital Partners LLC acquired a new stake in HCI Group in the fourth quarter worth about $1,358,000. American Century Companies Inc. grew its position in 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 in the last quarter. HighTower Advisors LLC grew its position in HCI Group by 9.7% in the 4th quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider’s stock valued at $739,000 after buying an additional 559 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in HCI Group by 7.4% during the 4th quarter. Principal Financial Group Inc. now owns 60,332 shares of the insurance provider’s stock valued at $7,030,000 after buying an additional 4,152 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Trading Up 1.4 %

Shares of NYSE:HCI opened at $147.33 on Friday. The company has a 50 day moving average of $140.85 and a 200-day moving average of $125.14. 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 $1.59 billion, a P/E ratio of 12.31 and a beta of 1.23. HCI Group, Inc. has a twelve month low of $83.65 and a twelve 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, topping analysts’ consensus estimates of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The firm had revenue of $161.88 million during the quarter, compared to the consensus estimate of $175.11 million. As a group, analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 annualized dividend and a yield of 1.09%. HCI Group’s dividend payout ratio 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.