Bank of New York Mellon Corp Has $6.05 Million Position in HCI Group, Inc. (NYSE:HCI)

Bank of New York Mellon Corp lifted its holdings in HCI Group, Inc. (NYSE:HCI) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 65,636 shares of the insurance provider’s stock after purchasing an additional 4,654 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of HCI Group worth $6,050,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hood River Capital Management LLC boosted its position in HCI Group by 1.4% during the 1st quarter. Hood River Capital Management LLC now owns 721,876 shares of the insurance provider’s stock worth $83,795,000 after acquiring an additional 9,828 shares during the last quarter. Vanguard Group Inc. grew its position in HCI Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock valued at $58,034,000 after purchasing an additional 31,234 shares in the last quarter. Wasatch Advisors LP grew its position in HCI Group by 5.1% in the fourth quarter. Wasatch Advisors LP now owns 186,053 shares of the insurance provider’s stock valued at $16,261,000 after purchasing an additional 8,992 shares in the last quarter. Khrom Capital Management LLC boosted its stake in shares of HCI Group by 792.2% during the 1st quarter. Khrom Capital Management LLC now owns 180,506 shares of the insurance provider’s stock worth $20,953,000 after buying an additional 160,274 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of HCI Group by 344.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 72,022 shares of the insurance provider’s stock valued at $8,360,000 after acquiring an additional 55,817 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HCI. JMP Securities raised their price target on HCI Group from $135.00 to $145.00 and gave the company a “market outperform” rating in a research note on Friday, August 9th. StockNews.com lowered shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.25.

HCI Group Stock Performance

Shares of NYSE:HCI opened at $97.14 on Friday. The company’s 50 day moving average price is $92.35 and its two-hundred day moving average price is $100.36. HCI Group, Inc. has a 12-month low of $50.01 and a 12-month high of $121.57. The firm has a market cap of $1.02 billion, a PE ratio of 9.88 and a beta of 1.13. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.63. The business had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same period in the previous year, the company posted $1.22 earnings per share. Equities research analysts predict that HCI Group, Inc. will post 12.37 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, August 16th. HCI Group’s payout ratio is presently 16.28%.

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.