HCI Group, Inc. (HCI) Shares Sold by Spark Investment Management LLC
Spark Investment Management LLC decreased its stake in shares of HCI Group, Inc. (NYSE:HCI) by 45.8% during the second quarter, Holdings Channel reports. The institutional investor owned 10,900 shares of the insurance provider’s stock after selling 9,200 shares during the period. Spark Investment Management LLC’s holdings in HCI Group were worth $512,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the stock. Trexquant Investment LP bought a new position in HCI Group during the first quarter valued at approximately $319,000. State of Tennessee Treasury Department boosted its position in HCI Group by 12.3% in the first quarter. State of Tennessee Treasury Department now owns 8,395 shares of the insurance provider’s stock valued at $383,000 after buying an additional 919 shares in the last quarter. Virginia Retirement Systems ET AL bought a new position in HCI Group during the first quarter valued at approximately $779,000. Parametric Portfolio Associates LLC boosted its position in HCI Group by 40.5% in the first quarter. Parametric Portfolio Associates LLC now owns 9,249 shares of the insurance provider’s stock valued at $422,000 after buying an additional 2,666 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in HCI Group by 3.4% in the first quarter. Ameriprise Financial Inc. now owns 87,378 shares of the insurance provider’s stock valued at $3,983,000 after buying an additional 2,837 shares in the last quarter. Institutional investors and hedge funds own 74.89% of the company’s stock.
Shares of HCI Group, Inc. (NYSE:HCI) opened at 40.33 on Friday. The company has a market capitalization of $402.74 million, a PE ratio of 11.10 and a beta of 2.36. The company has a 50-day moving average of $45.36 and a 200-day moving average of $45.37. HCI Group, Inc. has a one year low of $24.35 and a one year high of $50.93.
HCI Group (NYSE:HCI) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. HCI Group had a net margin of 13.52% and a return on equity of 15.65%. The company had revenue of $67.58 million during the quarter, compared to the consensus estimate of $64.33 million. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts anticipate that HCI Group, Inc. will post $3.40 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Wednesday, August 16th. HCI Group’s dividend payout ratio (DPR) is presently 38.36%.
Several research firms have recently commented on HCI. SunTrust Banks, Inc. began coverage on shares of HCI Group in a report on Tuesday, July 4th. They set a “buy” rating and a $52.00 price target on the stock. Zacks Investment Research cut shares of HCI Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. TheStreet upgraded shares of HCI Group from a “c” rating to a “b-” rating in a report on Thursday, May 4th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of HCI Group in a report on Monday, May 15th. Finally, BidaskClub cut shares of HCI Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.67.
HCI Group Company 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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