Charles Schwab Investment Management Inc. Sells 188 Shares of HCI Group, Inc. $HCI

Charles Schwab Investment Management Inc. trimmed its stake in shares of HCI Group, Inc. (NYSE:HCI) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,203 shares of the insurance provider’s stock after selling 188 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of HCI Group worth $11,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in HCI Group by 16.6% in the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock worth $89,000 after purchasing an additional 85 shares in the last quarter. Aquatic Capital Management LLC increased its holdings in HCI Group by 1.7% in the fourth quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider’s stock worth $664,000 after purchasing an additional 94 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in HCI Group by 5.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider’s stock worth $548,000 after purchasing an additional 247 shares in the last quarter. SG Americas Securities LLC increased its holdings in HCI Group by 4.1% in the first quarter. SG Americas Securities LLC now owns 6,676 shares of the insurance provider’s stock worth $996,000 after purchasing an additional 265 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in HCI Group by 7.0% in the fourth quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider’s stock worth $585,000 after purchasing an additional 328 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HCI shares. Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “buy” rating in a report on Friday. JMP Securities raised their price objective on 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, Compass Point raised HCI Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $148.00 to $205.00 in a research note on Friday, May 30th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, HCI Group has an average rating of “Buy” and a consensus target price of $181.25.

HCI Group Stock Up 1.2%

Shares of NYSE:HCI opened at $165.44 on Monday. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 14.67 and a beta of 1.24. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. HCI Group, Inc. has a 12-month low of $90.05 and a 12-month high of $176.40. The business’s 50 day moving average is $146.77 and its 200 day moving average is $145.44.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.47 by $0.71. The company had revenue of $221.92 million for the quarter, compared to analysts’ expectations of $218.98 million. HCI Group had a return on equity of 25.84% and a net margin of 18.58%. On average, sell-side analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

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

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.