HCI Group, Inc. (NYSE:HCI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in HCI Group, Inc. (NYSE:HCI – Free Report) by 7.1% in the second quarter, according to the company in its most recent SEC disclosure. The firm owned 3,259 shares of the insurance provider’s stock after selling 248 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in HCI Group were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HCI. Quest Partners LLC acquired a new stake in HCI Group in the fourth quarter valued at $28,000. Gladius Capital Management LP purchased a new position in shares of HCI Group in the second quarter worth $31,000. CWM LLC raised its stake in shares of HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after buying an additional 495 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of HCI Group in the first quarter worth $219,000. Finally, Virtu Financial LLC purchased a new position in shares of HCI Group in the first quarter worth $230,000. Institutional investors and hedge funds own 86.99% of the company’s shares.

HCI Group trading down 1.4%

Shares of HCI opened at $98.15 on Friday. The firm has a 50-day moving average price of $91.82 and a 200-day moving average price of $100.38. HCI Group, Inc. has a 12-month low of $49.96 and a 12-month high of $121.57. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 9.98 and a beta of 1.13. The company has a current ratio of 0.44, a quick ratio of 0.44, and a debt-to-equity ratio of 0.41.

HCI Group (NYSE:HCI – Get Free Report ) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, topping the consensus estimate of $3.58 by $0.63. The company 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%. In the same quarter last year, the business earned $1.22 EPS. Research analysts estimate that HCI Group, Inc. will post 12.37 earnings per share for the current fiscal year.

HCI Group announces dividend

The firm also recently declared 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 an annualized dividend of $1.60 and a yield of 1.63%. The ex-dividend date of this dividend is Friday, August 16. HCI Group’s dividend payout ratio (DPR) is 16.28%.

The Wall Street analyst weighs in

HCI has been the subject of several research reports. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. JMP Securities raised their target price on HCI Group from $135.00 to $145.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. HCI Group has a consensus rating of “Moderate Buy” and an average target price of $130.25, according to MarketBeat.

Get the latest stock report on HCI Group

HCI Group company profile

(Free report)

HCI Group, Inc, together with its subsidiaries, engages in property and casualty insurance, insurance management, reinsurance, real estate and information technology businesses in Florida. Offers residential insurance products such as homeowners, fire, flood and wind only insurance to homeowners, condominium owners and renters for properties as well as reinsurance programs.

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