Renaissance Technologies LLC Has $9.09 Million Position in HCI Group, Inc. (NYSE:HCI)

Renaissance Technologies LLC lessened its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 27.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,019 shares of the insurance provider's stock after selling 30,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.74% of HCI Group worth $9,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HCI. GAMMA Investing LLC boosted its stake in HCI Group by 28.4% during the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock worth $60,000 after buying an additional 113 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in HCI Group in the fourth quarter valued at about $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in HCI Group in the fourth quarter worth about $211,000. Integrated Quantitative Investments LLC bought a new position in HCI Group during the fourth quarter worth about $281,000. Finally, Clare Market Investments LLC bought a new position in HCI Group during the fourth quarter worth about $296,000. 86.99% of the stock is currently owned by institutional investors.

HCI Group Price Performance

Shares of HCI traded up $1.94 during mid-day trading on Wednesday, reaching $146.59. The company had a trading volume of 18,314 shares, compared to its average volume of 143,796. The company's 50-day moving average is $136.79 and its 200-day moving average is $123.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $1.58 billion, a P/E ratio of 12.25 and a beta of 1.12. HCI Group, Inc. has a twelve month low of $83.65 and a twelve month high of $151.88.

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 the consensus estimate of ($2.75) by $3.06. The company had revenue of $161.88 million during the quarter, compared to analyst estimates of $175.11 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. On average, equities analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

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

HCI Group Company 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.