HCI Group, Inc. (NYSE:HCI) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its holdings in HCI Group, Inc. (NYSE:HCI - Free Report) by 93.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,710 shares of the insurance provider's stock after buying an additional 54,803 shares during the quarter. 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 have also made changes to their positions in the business. Barclays PLC increased its holdings in shares of HCI Group by 77.3% in the third quarter. Barclays PLC now owns 15,501 shares of the insurance provider's stock valued at $1,659,000 after purchasing an additional 6,756 shares during the period. Principal Financial Group Inc. raised its position in HCI Group by 16.4% during the 3rd quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider's stock worth $6,015,000 after buying an additional 7,914 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of HCI Group in the 4th quarter worth $1,358,000. American Century Companies Inc. boosted its holdings in shares of HCI Group by 16.3% in the fourth quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock valued at $19,631,000 after acquiring an additional 23,610 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of HCI Group by 9.7% during the fourth quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider's stock worth $739,000 after acquiring an additional 559 shares during the period. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Price Performance

Shares of HCI Group stock traded down $0.83 during trading on Friday, reaching $142.09. The company's stock had a trading volume of 73,310 shares, compared to its average volume of 144,265. The business has a 50 day moving average price of $138.18 and a 200-day moving average price of $123.94. The company has a market capitalization of $1.53 billion, a P/E ratio of 11.87 and a beta of 1.12. 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 $83.65 and a 12-month high of $151.88.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.75) by $3.06. The business had revenue of $161.88 million for the quarter, compared to the consensus estimate of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. As a group, sell-side analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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%. The ex-dividend date is Friday, May 16th. HCI Group's dividend payout ratio is currently 18.18%.

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.