Deutsche Bank AG Buys Shares of 12,322 HCI Group, Inc. $HCI

Deutsche Bank AG purchased a new stake in shares of HCI Group, Inc. (NYSE:HCI) in the second quarter, according to its most recent filing with the SEC. The firm purchased 12,322 shares of the insurance provider’s stock, valued at approximately $2,159,000.

Several other institutional investors have also modified their holdings of HCI. Vanguard Group Inc. grew its holdings in HCI Group by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock valued at $160,947,000 after purchasing an additional 32,167 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of HCI Group by 934.5% during the 4th quarter. Intech Investment Management LLC now owns 44,257 shares of the insurance provider’s stock worth $8,484,000 after buying an additional 39,979 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of HCI Group in the 1st quarter worth about $2,302,000. Thrivent Financial for Lutherans boosted its position in shares of HCI Group by 642.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 67,460 shares of the insurance provider’s stock worth $12,931,000 after buying an additional 58,377 shares in the last quarter. Finally, Precision Wealth Strategies LLC acquired a new stake in HCI Group in the 1st quarter valued at about $934,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HCI shares. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Cantor Fitzgerald started coverage on shares of HCI Group in a report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 price target on the stock. Citizens Jmp increased their price target on shares of HCI Group from $255.00 to $265.00 and gave the company a “market outperform” rating in a research report on Friday, August 7th. Citigroup reissued a “market outperform” rating on shares of HCI Group in a research note on Friday, August 7th. Finally, Zacks Research downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.67.

HCI Group Stock Performance

Shares of NYSE HCI opened at $186.56 on Friday. The company has a 50-day simple moving average of $180.00 and a 200-day simple moving average of $165.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $2.32 billion, a PE ratio of 8.04 and a beta of 1.04. HCI Group, Inc. has a 12 month low of $144.75 and a 12 month high of $210.50.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, August 6th. The insurance provider reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.56. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. The business had revenue of $246.65 million for the quarter, compared to the consensus estimate of $247.43 million. On average, equities analysts anticipate that HCI Group, Inc. will post 19.47 earnings per share for the current year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. HCI Group’s dividend payout ratio is currently 6.90%.

HCI Group Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.