Price T Rowe Associates Inc. MD Purchases 531 Shares of HCI Group, Inc. (NYSE:HCI)

Price T Rowe Associates Inc. MD lifted its position in HCI Group, Inc. (NYSE:HCI) by 19.8% in the 4th quarter, Holdings Channel reports. The fund owned 3,215 shares of the insurance provider’s stock after acquiring an additional 531 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in HCI Group were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MGO One Seven LLC increased its position in HCI Group by 35.4% during the 4th quarter. MGO One Seven LLC now owns 4,340 shares of the insurance provider’s stock valued at $506,000 after buying an additional 1,134 shares in the last quarter. Khrom Capital Management LLC increased its position in HCI Group by 20.7% during the 4th quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider’s stock valued at $92,778,000 after buying an additional 136,642 shares in the last quarter. MetLife Investment Management LLC increased its position in HCI Group by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider’s stock valued at $585,000 after buying an additional 328 shares in the last quarter. First Trust Advisors LP bought a new position in HCI Group during the 4th quarter valued at approximately $516,000. Finally, Wasatch Advisors LP increased its position in HCI Group by 288.9% during the 4th quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider’s stock valued at $34,300,000 after buying an additional 218,664 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised their price objective on HCI Group from $165.00 to $210.00 and gave the company a “market outperform” rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.25.

HCI Group Stock Down 0.0%

HCI Group stock opened at $161.91 on Thursday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 13.53 and a beta of 1.23. The stock has a fifty day simple moving average of $144.76 and a two-hundred day simple moving average of $127.37. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $176.40. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI) last posted its earnings results on Thursday, May 8th. The insurance provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.86. The business had revenue of $216.43 million during the quarter, compared to analyst estimates of $214.89 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. Equities analysts predict that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, May 16th. HCI Group’s payout ratio is 15.47%.

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.