Parametric Portfolio Associates LLC Has $845,000 Stake in HCI Group, Inc. (HCI)

Parametric Portfolio Associates LLC lifted its position in shares of HCI Group, Inc. (NYSE:HCI) by 94.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,986 shares of the insurance provider’s stock after purchasing an additional 8,737 shares during the period. Parametric Portfolio Associates LLC owned 0.18% of HCI Group worth $845,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in shares of HCI Group during the second quarter worth about $101,000. Meeder Asset Management Inc. purchased a new stake in HCI Group in the second quarter worth about $105,000. BNP Paribas Arbitrage SA lifted its holdings in HCI Group by 42.5% in the second quarter. BNP Paribas Arbitrage SA now owns 2,453 shares of the insurance provider’s stock worth $115,000 after buying an additional 731 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in HCI Group in the first quarter worth about $141,000. Finally, Hartford Investment Management Co. purchased a new stake in HCI Group in the second quarter worth about $211,000. Institutional investors own 72.94% of the company’s stock.

Several analysts have commented on the stock. ValuEngine lowered shares of HCI Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. TheStreet lowered shares of HCI Group from a “b-” rating to a “c” rating in a report on Thursday, September 28th. Sidoti upgraded shares of HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Monday, September 11th. Finally, BidaskClub lowered shares of HCI Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $43.33.

Shares of HCI Group, Inc. (NYSE HCI) opened at $30.25 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.22. HCI Group, Inc. has a 1-year low of $27.11 and a 1-year high of $50.93.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($1.92). HCI Group had a negative return on equity of 6.34% and a negative net margin of 5.63%. The company had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $66.46 million. During the same quarter last year, the business earned $1.10 earnings per share. The business’s quarterly revenue was down 30.5% on a year-over-year basis. analysts expect that HCI Group, Inc. will post -0.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Thursday, November 16th. HCI Group’s dividend payout ratio is -74.07%.

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In other HCI Group news, CEO Paresh Patel bought 1,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was acquired at an average price of $36.06 per share, with a total value of $36,060.00. Following the completion of the purchase, the chief executive officer now owns 227,000 shares of the company’s stock, valued at $8,185,620. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired 1,565 shares of company stock valued at $56,894 in the last ninety days. Insiders own 20.37% of the company’s stock.

HCI Group Company Profile

HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.

Institutional Ownership by Quarter for HCI Group (NYSE:HCI)

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