Bank of Montreal Can cut its position in shares of HCI Group, Inc. (NYSE:HCI) by 30.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,306 shares of the insurance provider’s stock after selling 19,725 shares during the period. Bank of Montreal Can’s holdings in HCI Group were worth $2,129,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky bought a new position in shares of HCI Group during the first quarter worth $141,000. Arizona State Retirement System bought a new position in shares of HCI Group during the first quarter worth $205,000. Thrivent Financial For Lutherans bought a new position in shares of HCI Group during the first quarter worth $218,000. OMERS ADMINISTRATION Corp bought a new position in shares of HCI Group during the first quarter worth $219,000. Finally, Capstone Asset Management Co. bought a new position in shares of HCI Group during the first quarter worth $222,000. Institutional investors own 74.89% of the company’s stock.

HCI Group, Inc. (NYSE:HCI) traded down 1.63% during trading on Friday, hitting $40.33. 89,458 shares of the company traded hands. HCI Group, Inc. has a one year low of $24.35 and a one year high of $50.93. The firm has a 50 day moving average of $45.36 and a 200 day moving average of $45.37. The firm has a market cap of $402.74 million, a P/E ratio of 11.10 and a beta of 2.36.

HCI Group (NYSE:HCI) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The company had revenue of $67.58 million during the quarter, compared to the consensus estimate of $64.33 million. HCI Group had a net margin of 13.52% and a return on equity of 15.65%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, analysts expect that HCI Group, Inc. will post $3.40 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.47%. The ex-dividend date is Wednesday, August 16th. HCI Group’s dividend payout ratio is 38.36%.

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Several equities analysts recently weighed in on HCI shares. Zacks Investment Research lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. SunTrust Banks, Inc. started coverage on shares of HCI Group in a report on Tuesday, July 4th. They set a “buy” rating and a $52.00 target price on the stock. Keefe, Bruyette & Woods restated a “hold” rating on shares of HCI Group in a report on Monday, May 15th. ValuEngine upgraded shares of HCI Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Finally, TheStreet upgraded shares of HCI Group from a “c” rating to a “b-” rating in a report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $47.67.

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.

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

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