Swiss National Bank Maintains Position in HCI Group Inc. (HCI)

Swiss National Bank held its stake in HCI Group Inc. (NYSE:HCI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,400 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.15% of HCI Group worth $420,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Teachers Advisors Inc. increased its stake in HCI Group by 7.7% in the first quarter. Teachers Advisors Inc. now owns 296,217 shares of the company’s stock worth $9,864,000 after buying an additional 21,242 shares during the last quarter. Hancock Holding Co. increased its stake in HCI Group by 1.1% in the first quarter. Hancock Holding Co. now owns 230,840 shares of the company’s stock worth $7,687,000 after buying an additional 2,470 shares during the last quarter. Prudential Financial Inc. increased its stake in HCI Group by 4.7% in the first quarter. Prudential Financial Inc. now owns 148,931 shares of the company’s stock worth $4,959,000 after buying an additional 6,668 shares during the last quarter. Foundry Partners LLC increased its stake in HCI Group by 47.4% in the second quarter. Foundry Partners LLC now owns 119,800 shares of the company’s stock worth $3,268,000 after buying an additional 38,520 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in HCI Group during the second quarter worth $2,135,000. Institutional investors own 66.57% of the company’s stock.

Institutional Ownership by Quarter for HCI Group (NYSE:HCI)

Shares of HCI Group Inc. (NYSE:HCI) traded down 2.14% on Wednesday, reaching $28.41. 42,594 shares of the company were exchanged. HCI Group Inc. has a 12-month low of $24.35 and a 12-month high of $45.50. The firm has a market capitalization of $295.12 million, a PE ratio of 9.12 and a beta of 2.16. The stock’s 50-day moving average is $30.38 and its 200 day moving average is $30.48.

HCI Group (NYSE:HCI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by $0.34. The business had revenue of $61.52 million for the quarter, compared to the consensus estimate of $64.86 million. HCI Group had a net margin of 12.77% and a return on equity of 13.37%. HCI Group’s revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.93 EPS. On average, analysts forecast that HCI Group Inc. will post $2.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 18th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 16th. This represents a $1.20 annualized dividend and a dividend yield of 4.13%. HCI Group’s dividend payout ratio (DPR) is presently 39.09%.

Separately, JMP Securities dropped their price objective on shares of HCI Group from $40.00 to $38.00 and set a “market outperform” rating for the company in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $45.50.

About HCI Group

HCI Group, Inc (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations.

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