Principal Financial Group Inc. Buys 1,332 Shares of HCI Group, Inc. (NYSE:HCI)

Principal Financial Group Inc. grew its stake in HCI Group, Inc. (NYSE:HCI) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,664 shares of the insurance provider’s stock after acquiring an additional 1,332 shares during the period. Principal Financial Group Inc. owned 0.57% of HCI Group worth $9,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of HCI Group by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock worth $89,000 after buying an additional 85 shares during the period. Aquatic Capital Management LLC grew its position in shares of HCI Group by 1.7% during the 4th quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider’s stock worth $664,000 after buying an additional 94 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of HCI Group by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider’s stock worth $548,000 after buying an additional 247 shares during the period. SG Americas Securities LLC grew its position in shares of HCI Group by 4.1% during the 1st quarter. SG Americas Securities LLC now owns 6,676 shares of the insurance provider’s stock worth $996,000 after buying an additional 265 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of HCI Group by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider’s stock worth $585,000 after buying an additional 328 shares during the period. 86.99% of the stock is owned by institutional investors.

HCI Group Stock Performance

Shares of HCI stock opened at $141.49 on Tuesday. The company’s fifty day simple moving average is $156.08 and its 200-day simple moving average is $139.65. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.63 billion, a PE ratio of 13.68 and a beta of 1.21. HCI Group, Inc. has a 12 month low of $87.01 and a 12 month high of $176.40.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.86. The business had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. Equities research analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, August 15th. HCI Group’s dividend payout ratio (DPR) is currently 15.47%.

Wall Street Analysts Forecast Growth

HCI has been the subject of a number of analyst reports. JMP Securities boosted their price objective on shares of HCI Group from $210.00 to $225.00 and gave the company a “market outperform” rating in a report on Monday, May 19th. Compass Point upgraded shares of HCI Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $148.00 to $205.00 in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, HCI Group presently has an average rating of “Moderate Buy” and a consensus target price of $181.25.

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.