HCI Group, Inc. (NYSE:HCI) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,727 shares of the insurance provider's stock after purchasing an additional 16,497 shares during the period. Bank of New York Mellon Corp owned 0.76% of HCI Group worth $9,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HCI. Amalgamated Bank boosted its holdings in shares of HCI Group by 10.3% during the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider's stock worth $258,000 after purchasing an additional 225 shares during the last quarter. Versor Investments LP acquired a new position in HCI Group in the third quarter valued at approximately $440,000. Victory Capital Management Inc. lifted its holdings in HCI Group by 152.7% in the third quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider's stock valued at $2,380,000 after acquiring an additional 13,434 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in HCI Group in the third quarter valued at approximately $370,000. Finally, Royce & Associates LP acquired a new position in HCI Group in the third quarter valued at approximately $621,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Trading Down 1.6 %

NYSE HCI traded down $2.28 on Tuesday, reaching $136.66. The stock had a trading volume of 89,990 shares, compared to its average volume of 104,904. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 11.42 and a beta of 1.14. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group, Inc. has a 12-month low of $83.64 and a 12-month high of $141.21. The stock has a fifty day moving average price of $124.10 and a two-hundred day moving average price of $115.66.

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HCI Group (NYSE:HCI - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $175.11 million. As a group, sell-side analysts forecast that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, February 21st. HCI Group's dividend payout ratio is currently 18.18%.

Analyst Ratings Changes

Separately, Truist Financial reiterated a "buy" rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, HCI Group presently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

About HCI Group

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.