UBS Group AG Sells 34,629 Shares of HCI Group, Inc. $HCI

UBS Group AG trimmed its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 26.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,023 shares of the insurance provider’s stock after selling 34,629 shares during the quarter. UBS Group AG’s holdings in HCI Group were worth $18,215,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HCI. Vanguard Group Inc. grew its stake in HCI Group by 15.1% in the 3rd quarter. Vanguard Group Inc. now owns 807,454 shares of the insurance provider’s stock valued at $154,975,000 after purchasing an additional 105,925 shares during the period. Danske Bank A S bought a new stake in shares of HCI Group during the 3rd quarter worth $19,256,000. Balyasny Asset Management L.P. boosted its holdings in shares of HCI Group by 46.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 185,430 shares of the insurance provider’s stock worth $28,222,000 after buying an additional 59,134 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of HCI Group by 85.6% in the 3rd quarter. Invesco Ltd. now owns 127,203 shares of the insurance provider’s stock worth $24,414,000 after buying an additional 58,663 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in HCI Group by 16.7% during the third quarter. Wellington Management Group LLP now owns 352,935 shares of the insurance provider’s stock valued at $67,739,000 after buying an additional 50,378 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HCI has been the subject of a number of research analyst reports. Citigroup restated a “market outperform” rating on shares of HCI Group in a report on Friday, January 16th. Weiss Ratings raised shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, HCI Group has a consensus rating of “Buy” and a consensus price target of $231.67.

HCI Group Stock Up 2.7%

HCI opened at $152.94 on Wednesday. HCI Group, Inc. has a 12 month low of $136.37 and a 12 month high of $210.50. The company has a market cap of $1.95 billion, a PE ratio of 6.71 and a beta of 1.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $157.17 and a 200 day moving average of $170.11.

HCI Group (NYSE:HCI) last issued its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. The business had revenue of $242.88 million for the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. On average, sell-side analysts expect that HCI Group, Inc. will post 17.82 EPS for the current year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 15th will be given a $0.40 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. HCI Group’s payout ratio is 7.02%.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.