HCI Group, Inc. (NYSE:HCI) Position Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in HCI Group, Inc. (NYSE:HCI) by 97.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,978 shares of the insurance provider’s stock after purchasing an additional 2,455 shares during the quarter. Hsbc Holdings PLC’s holdings in HCI Group were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jupiter Asset Management Ltd. bought a new position in HCI Group in the 1st quarter worth approximately $939,000. Quadrature Capital Ltd lifted its position in HCI Group by 55.8% in the fourth quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider’s stock worth $2,610,000 after purchasing an additional 10,693 shares during the period. SG Americas Securities LLC lifted its position in HCI Group by 153.6% in the second quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider’s stock worth $860,000 after purchasing an additional 5,649 shares during the period. Principal Financial Group Inc. lifted its position in HCI Group by 45.0% in the first quarter. Principal Financial Group Inc. now owns 45,387 shares of the insurance provider’s stock worth $5,269,000 after purchasing an additional 14,086 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in HCI Group by 271.1% in the first quarter. BNP Paribas Financial Markets now owns 30,783 shares of the insurance provider’s stock worth $3,573,000 after purchasing an additional 22,489 shares during the period. 86.99% of the stock is owned by institutional investors.

HCI Group Price Performance

Shares of NYSE:HCI opened at $107.19 on Wednesday. HCI Group, Inc. has a one year low of $52.08 and a one year high of $121.57. The stock has a fifty day moving average of $96.55 and a 200-day moving average of $100.51. The company has a market capitalization of $1.12 billion, a PE ratio of 10.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The company had revenue of $206.25 million during the quarter, compared to the consensus estimate of $196.67 million. During the same quarter in the prior year, the firm earned $1.22 EPS. As a group, equities analysts anticipate that HCI Group, Inc. will post 12.37 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.49%. HCI Group’s dividend payout ratio (DPR) is presently 16.28%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HCI shares. JMP Securities restated a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research report on Monday, September 23rd. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, HCI Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.25.

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.