HCI Group, Inc. (NYSE:HCI) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in HCI Group, Inc. (NYSE:HCI) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,960 shares of the insurance provider’s stock after selling 977 shares during the quarter. Ameriprise Financial Inc. owned about 0.36% of HCI Group worth $4,423,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in HCI Group in the fourth quarter valued at about $1,358,000. Invesco Ltd. lifted its position in shares of HCI Group by 93.0% during the fourth quarter. Invesco Ltd. now owns 113,710 shares of the insurance provider’s stock worth $13,251,000 after purchasing an additional 54,803 shares in the last quarter. Northern Trust Corp lifted its position in shares of HCI Group by 9.1% during the fourth quarter. Northern Trust Corp now owns 88,230 shares of the insurance provider’s stock worth $10,281,000 after purchasing an additional 7,349 shares in the last quarter. American Century Companies Inc. lifted its position in shares of HCI Group by 16.3% during 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 in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of HCI Group by 9.7% during the fourth quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider’s stock worth $739,000 after purchasing an additional 559 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Up 1.1%

Shares of HCI opened at $164.95 on Monday. The stock has a market capitalization of $1.90 billion, a PE ratio of 13.78 and a beta of 1.23. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $176.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The company’s 50-day simple moving average is $148.61 and its 200-day simple moving average is $130.00.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.86. The business had revenue of $216.43 million for the quarter, compared to analysts’ expectations of $214.89 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Analysts forecast 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 dividend on an annualized basis and a dividend yield of 0.97%. HCI Group’s payout ratio is 15.47%.

Wall Street Analyst Weigh In

Separately, JMP Securities increased their price target on shares of HCI Group from $210.00 to $225.00 and gave the stock a “market outperform” rating in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.00.

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.