HCI Group, Inc. (HCI) Shares Bought by IndexIQ Advisors LLC

IndexIQ Advisors LLC increased its stake in HCI Group, Inc. (NYSE:HCI) by 83.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,015 shares of the insurance provider’s stock after purchasing an additional 8,644 shares during the period. IndexIQ Advisors LLC owned approximately 0.19% of HCI Group worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its stake in HCI Group by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 4,926 shares of the insurance provider’s stock worth $231,000 after purchasing an additional 50 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of HCI Group by 3.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock worth $233,000 after buying an additional 160 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of HCI Group by 1.2% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 17,300 shares of the insurance provider’s stock worth $813,000 after buying an additional 200 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of HCI Group by 1.6% during the 1st quarter. Legal & General Group Plc now owns 14,147 shares of the insurance provider’s stock worth $644,000 after buying an additional 221 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its stake in shares of HCI Group by 11.4% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 3,230 shares of the insurance provider’s stock worth $152,000 after buying an additional 330 shares during the last quarter. 73.86% of the stock is owned by hedge funds and other institutional investors.

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In other news, CEO Paresh Patel bought 1,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were bought at an average cost of $36.06 per share, with a total value of $36,060.00. Following the acquisition, the chief executive officer now owns 227,000 shares in the company, valued at $8,185,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders bought 1,565 shares of company stock worth $56,894. 20.37% of the stock is owned by insiders.

A number of equities analysts have recently commented on HCI shares. Sidoti upgraded shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Monday, September 11th. TheStreet downgraded shares of HCI Group from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. ValuEngine downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, BidaskClub downgraded shares of HCI Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.33.

HCI Group, Inc. (NYSE HCI) opened at $32.25 on Tuesday. HCI Group, Inc. has a one year low of $27.11 and a one year high of $50.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.61 and a current ratio of 0.61.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($4.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.52) by ($1.92). The firm had revenue of $44.00 million during the quarter, compared to the consensus estimate of $66.46 million. HCI Group had a negative net margin of 5.63% and a negative return on equity of 6.34%. The firm’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. research analysts forecast that HCI Group, Inc. will post -0.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.34%. HCI Group’s payout ratio is -84.85%.

HCI Group Profile

HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.

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Institutional Ownership by Quarter for HCI Group (NYSE:HCI)

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