HCI Group, Inc. (NYSE:HCI) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its stake in shares of HCI Group, Inc. (NYSE:HCI) by 49.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,267 shares of the insurance provider’s stock after selling 91,298 shares during the period. Marshall Wace LLP’s holdings in HCI Group were worth $10,752,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. New York State Teachers Retirement System grew its holdings in shares of HCI Group by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider’s stock valued at $1,223,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC increased its position in shares of HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock worth $60,000 after acquiring an additional 113 shares during the period. Rhumbline Advisers raised its stake in shares of HCI Group by 1.1% in the fourth quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider’s stock valued at $2,600,000 after acquiring an additional 232 shares in the last quarter. Alliancebernstein L.P. grew its stake in HCI Group by 3.6% during the 4th quarter. Alliancebernstein L.P. now owns 10,249 shares of the insurance provider’s stock worth $1,194,000 after purchasing an additional 354 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in HCI Group by 4.5% during the 4th quarter. Quantbot Technologies LP now owns 8,932 shares of the insurance provider’s stock worth $1,041,000 after purchasing an additional 386 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Stock Performance

Shares of HCI opened at $141.26 on Tuesday. The stock has a 50-day simple moving average of $136.29 and a 200-day simple moving average of $123.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $151.88. The stock has a market capitalization of $1.52 billion, a PE ratio of 11.80 and a beta of 1.12.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of ($2.75) by $3.06. The business had revenue of $161.88 million for the quarter, compared to analyst estimates of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. On average, analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a $0.40 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. HCI Group’s payout ratio is currently 18.18%.

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.