The Manufacturers Life Insurance Company decreased its position in HCI Group, Inc. (NYSE:HCI) by 9.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,422 shares of the insurance provider’s stock after selling 646 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of HCI Group worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in HCI Group by 0.7% in the 2nd quarter. State Street Corp now owns 210,029 shares of the insurance provider’s stock worth $9,864,000 after acquiring an additional 1,542 shares during the last quarter. Macquarie Group Ltd. bought a new stake in HCI Group in the 2nd quarter worth approximately $794,000. Goldman Sachs Group Inc. increased its stake in HCI Group by 15.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 20,500 shares of the insurance provider’s stock worth $963,000 after acquiring an additional 2,762 shares during the last quarter. Numeric Investors LLC increased its stake in HCI Group by 8.4% in the 2nd quarter. Numeric Investors LLC now owns 112,050 shares of the insurance provider’s stock worth $5,264,000 after acquiring an additional 8,637 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in HCI Group by 11.4% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 3,230 shares of the insurance provider’s stock worth $152,000 after acquiring an additional 330 shares during the last quarter. 76.20% of the stock is currently owned by institutional investors and hedge funds.

In other HCI Group news, Director James J. Macchiarola acquired 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was bought at an average price of $30.44 per share, for a total transaction of $182,640.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Paresh Patel acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were acquired at an average price of $36.06 per share, with a total value of $36,060.00. Following the acquisition, the chief executive officer now owns 227,000 shares in the company, valued at $8,185,620. The disclosure for this purchase can be found here. In the last quarter, insiders bought 7,565 shares of company stock valued at $239,534. Company insiders own 20.37% of the company’s stock.

Shares of HCI Group, Inc. (HCI) traded down $0.22 during trading on Monday, hitting $29.85. The stock had a trading volume of 190,100 shares, compared to its average volume of 119,621. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.61 and a quick ratio of 0.61. HCI Group, Inc. has a 12-month low of $27.11 and a 12-month high of $50.93.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Thursday, November 16th. HCI Group’s dividend payout ratio (DPR) is -74.07%.

HCI has been the subject of a number of recent research reports. Sidoti upgraded HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, September 11th. ValuEngine upgraded HCI Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. TheStreet cut HCI Group from a “b-” rating to a “c” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded HCI Group from a “sell” rating to a “hold” rating in a report on Monday, November 27th. Finally, BidaskClub cut HCI Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. HCI Group presently has a consensus rating of “Hold” and a consensus price target of $43.33.

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About HCI Group

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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