Quadrature Capital Ltd Purchases 5,676 Shares of HCI Group, Inc. (NYSE:HCI)

Quadrature Capital Ltd boosted its stake in shares of HCI Group, Inc. (NYSE:HCI) by 19.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,520 shares of the insurance provider’s stock after purchasing an additional 5,676 shares during the quarter. Quadrature Capital Ltd owned about 0.34% of HCI Group worth $4,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in HCI. Quest Partners LLC bought a new stake in HCI Group during the fourth quarter valued at about $28,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in HCI Group by 399.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,773 shares of the insurance provider’s stock valued at $155,000 after buying an additional 1,418 shares during the last quarter. SG Americas Securities LLC purchased a new stake in HCI Group in the fourth quarter valued at about $155,000. SageView Advisory Group LLC purchased a new stake in HCI Group in the first quarter valued at about $219,000. Finally, Louisiana State Employees Retirement System purchased a new stake in HCI Group in the fourth quarter valued at about $262,000. Institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

HCI stock traded up $1.30 during trading on Friday, hitting $91.36. 94,358 shares of the company traded hands, compared to its average volume of 132,853. The stock’s 50-day simple moving average is $93.10 and its 200 day simple moving average is $99.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $957.45 million, a PE ratio of 9.29 and a beta of 1.13. HCI Group, Inc. has a 1 year low of $48.84 and a 1 year high of $121.57.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $3.65 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.91. The company had revenue of $206.61 million during the quarter, compared to analysts’ expectations of $189.17 million. HCI Group had a return on equity of 40.30% and a net margin of 17.72%. On average, equities analysts expect that HCI Group, Inc. will post 11.63 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, August 16th. HCI Group’s payout ratio is currently 16.28%.

Analyst Ratings Changes

A number of equities research analysts have commented on HCI shares. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Oppenheimer restated an “outperform” rating and issued a $140.00 price objective on shares of HCI Group in a research note on Friday, April 5th. Finally, JMP Securities raised their price objective on HCI Group from $120.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.75.

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.