23,282 Shares in HCI Group, Inc. (NYSE:HCI) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in HCI Group, Inc. (NYSE:HCI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,282 shares of the insurance provider’s stock, valued at approximately $2,713,000. Raymond James Financial Inc. owned 0.22% of HCI Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in HCI Group by 28.4% in the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 113 shares during the period. KLP Kapitalforvaltning AS bought a new position in HCI Group during the 4th quarter worth approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of HCI Group in the 4th quarter worth approximately $211,000. Integrated Quantitative Investments LLC acquired a new stake in shares of HCI Group during the fourth quarter worth $281,000. Finally, Clare Market Investments LLC bought a new position in HCI Group during the fourth quarter worth $296,000. Institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

Shares of HCI opened at $143.32 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $138.66 and its two-hundred day simple moving average is $124.42. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $151.88. The stock has a market capitalization of $1.54 billion, a P/E ratio of 11.97 and a beta of 1.12.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, topping the consensus estimate of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The business had revenue of $161.88 million during the quarter, compared to analysts’ expectations of $175.11 million. As a group, analysts predict that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. HCI Group’s payout ratio is presently 18.18%.

HCI Group Company 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.