Deutsche Bank AG Purchases 12,098 Shares of HCI Group, Inc. $HCI

Deutsche Bank AG lifted its position in shares of HCI Group, Inc. (NYSE:HCI) by 175.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,995 shares of the insurance provider’s stock after acquiring an additional 12,098 shares during the period. Deutsche Bank AG owned approximately 0.18% of HCI Group worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HCI. Khrom Capital Management LLC lifted its holdings in shares of HCI Group by 20.7% during the 4th quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider’s stock worth $92,778,000 after acquiring an additional 136,642 shares during the period. Hood River Capital Management LLC lifted its holdings in shares of HCI Group by 15.7% during the 4th quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider’s stock worth $109,538,000 after acquiring an additional 127,332 shares during the period. Balyasny Asset Management L.P. lifted its stake in HCI Group by 2,878.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 114,689 shares of the insurance provider’s stock valued at $13,365,000 after purchasing an additional 110,838 shares during the last quarter. GAMMA Investing LLC lifted its stake in HCI Group by 17,305.3% in the 1st quarter. GAMMA Investing LLC now owns 88,941 shares of the insurance provider’s stock valued at $132,730,000 after purchasing an additional 88,430 shares during the last quarter. Finally, Park West Asset Management LLC bought a new position in HCI Group in the 4th quarter valued at approximately $7,499,000. Institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 2.1%

Shares of NYSE HCI opened at $157.6330 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. HCI Group, Inc. has a 52-week low of $90.01 and a 52-week high of $176.40. The firm has a 50 day moving average price of $146.34 and a two-hundred day moving average price of $144.42. The stock has a market cap of $2.04 billion, a P/E ratio of 13.97 and a beta of 1.24.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, topping the consensus estimate of $4.47 by $0.71. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. The company had revenue of $221.92 million during the quarter, compared to analysts’ expectations of $218.98 million. As a group, equities analysts forecast that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. HCI Group’s dividend payout ratio is 14.18%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HCI shares. Compass Point raised shares of HCI Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $148.00 to $205.00 in a research note on Friday, May 30th. JMP Securities increased their price objective on shares of HCI Group from $210.00 to $225.00 and gave the company a “market outperform” rating in a research note on Monday, May 19th. Finally, Wall Street Zen raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, HCI Group presently has an average rating of “Buy” and an average target price of $181.25.

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.