HCI Group, Inc. (NYSE:HCI) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,567 shares of the insurance provider's stock after acquiring an additional 7,746 shares during the quarter. Geode Capital Management LLC owned 2.16% of HCI Group worth $26,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. increased its holdings in HCI Group by 3.6% during the 4th quarter. Alliancebernstein L.P. now owns 10,249 shares of the insurance provider's stock valued at $1,194,000 after acquiring an additional 354 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of HCI Group by 5.5% during the 4th quarter. Wellington Management Group LLP now owns 154,839 shares of the insurance provider's stock worth $18,043,000 after purchasing an additional 8,101 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of HCI Group during the 4th quarter worth approximately $2,484,000. Vanguard Group Inc. lifted its stake in HCI Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider's stock valued at $69,603,000 after buying an additional 7,732 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in HCI Group during the 4th quarter valued at $175,000. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Price Performance

Shares of NYSE HCI traded up $2.62 during trading on Wednesday, reaching $147.27. The company had a trading volume of 15,099 shares, compared to its average volume of 129,902. 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, Inc. has a twelve month low of $83.64 and a twelve month high of $151.88. The stock has a 50-day moving average price of $136.79 and a two-hundred day moving average price of $123.17. The stock has a market capitalization of $1.59 billion, a PE ratio of 12.30 and a beta of 1.12.

HCI Group (NYSE:HCI - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 EPS 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 firm had revenue of $161.88 million during the quarter, compared to analysts' expectations of $175.11 million. As a group, sell-side analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group's payout ratio is 18.18%.

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.