5,787 Shares in HCI Group, Inc. (NYSE:HCI) Bought by Bokf Na

Bokf Na purchased a new stake in HCI Group, Inc. (NYSE:HCI) during the second quarter, according to its most recent filing with the SEC. The fund purchased 5,787 shares of the insurance provider’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank boosted its position in shares of HCI Group by 8.4% during the 4th quarter. Swiss National Bank now owns 14,200 shares of the insurance provider’s stock valued at $1,241,000 after acquiring an additional 1,100 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of HCI Group in the 4th quarter worth $671,000. Trexquant Investment LP bought a new stake in shares of HCI Group in the 4th quarter worth about $628,000. Quest Partners LLC purchased a new stake in shares of HCI Group during the 4th quarter valued at about $28,000. Finally, Monashee Investment Management LLC purchased a new stake in shares of HCI Group during the 4th quarter valued at about $1,730,000. 86.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HCI shares. JMP Securities lifted their target price on HCI Group from $135.00 to $145.00 and gave the stock a “market outperform” rating in a report on Friday, August 9th. StockNews.com lowered HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.25.

HCI Group Stock Performance

Shares of NYSE:HCI opened at $102.81 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 10.46 and a beta of 1.13. The firm has a 50 day moving average of $92.99 and a 200 day moving average of $100.44. HCI Group, Inc. has a 52 week low of $50.01 and a 52 week high of $121.57.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.63. The business had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same period in the prior year, the firm posted $1.22 earnings per share. On average, sell-side analysts predict that HCI Group, Inc. will post 12.37 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, August 16th. HCI Group’s dividend payout ratio is presently 16.28%.

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.