Invesco Ltd. Grows Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Invesco Ltd. increased its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 93.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,710 shares of the insurance provider's stock after purchasing an additional 54,803 shares during the period. Invesco Ltd. owned approximately 1.08% of HCI Group worth $13,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HCI. Geode Capital Management LLC grew its holdings in shares of HCI Group by 28.7% during the third quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider's stock valued at $23,538,000 after buying an additional 48,969 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in HCI Group by 80.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock worth $11,781,000 after buying an additional 45,920 shares during the period. American Century Companies Inc. increased its holdings in HCI Group by 16.3% in the 4th quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock worth $19,631,000 after buying an additional 23,610 shares during the period. Raymond James Financial Inc. acquired a new stake in HCI Group during the 4th quarter valued at approximately $2,713,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in HCI Group during the 4th quarter valued at approximately $2,484,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Stock Performance

NYSE HCI traded down $1.56 on Friday, reaching $141.36. 45,186 shares of the company's stock traded hands, compared to its average volume of 144,089. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 11.85 and a beta of 1.12. The stock has a 50 day moving average price of $137.74 and a 200-day moving average price of $123.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. HCI Group, Inc. has a fifty-two week low of $83.65 and a fifty-two week high of $151.88.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating 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 company had revenue of $161.88 million during the quarter, compared to analysts' expectations of $175.11 million. Equities research analysts predict that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. HCI Group's dividend payout ratio is presently 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.