HCI Group, Inc. (NYSE:HCI) Shares Sold by Caxton Associates LP

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Caxton Associates LP reduced its position in HCI Group, Inc. (NYSE:HCI – Free Report) by 68.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,278 shares of the insurance provider’s stock after selling 4,864 shares during the period. Caxton Associates LP’s holdings in HCI Group were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd acquired a new position in HCI Group in the second quarter valued at about $26,000. Quest Partners LLC purchased a new position in shares of HCI Group in the fourth quarter valued at $28,000. Gladius Capital Management LP acquired a new position in shares of HCI Group in the second quarter valued at $31,000. CWM LLC grew its holdings in shares of HCI Group by 115.4% during the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after acquiring an additional 495 shares in the last quarter . Finally, Intech Investment Management LLC acquired a new stake in HCI Group in the second quarter valued at $201,000. Hedge funds and other institutional investors own 86.99% of the company’s shares.

HCI Group trading down 1.1%

Shares of HCI opened at $107.68 on Friday. HCI Group, Inc. it has a one year low of $52.08 and a one year high of $121.57. The stock has a 50-day moving average price of $95.83 and a 200-day moving average price of $100.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44, and a current ratio of 0.44. The company has a market cap of $1.13 billion, a P/E ratio of 11.02 and a beta of 1.13.

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HCI Group (NYSE:HCI – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.63. The business had revenue of $206.25 million during the quarter, compared to the consensus estimate of $196.67 million. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. In the same quarter last year, the company earned $1.22 per share. Sell-side analysts estimate that HCI Group, Inc. will post 12.37 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 16. This represents a dividend of $1.60 on an annualized basis and a dividend yield of 1.49%. HCI Group’s dividend payout ratio (DPR) is currently 16.28%.

Analysts on Wall Street are forecasting an increase

Several research analysts have commented on the company. JMP Securities reissued a “market outperform” rating and issued a $145.00 price objective on shares of HCI Group in a research report on Monday, September 23rd. StockNews.com lowered shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and an average price target of $130.25, according to MarketBeat .

Get the latest 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.