SG Americas Securities LLC Sells 2,346 Shares of HCI Group, Inc. (NYSE:HCI)

SG Americas Securities LLC lessened its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 25.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,980 shares of the insurance provider’s stock after selling 2,346 shares during the period. SG Americas Securities LLC’s holdings in HCI Group were worth $747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its position in HCI Group by 2.9% during the second quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock valued at $561,000 after acquiring an additional 174 shares in the last quarter. Swiss National Bank raised its position in HCI Group by 1.4% during the first quarter. Swiss National Bank now owns 14,400 shares of the insurance provider’s stock valued at $1,672,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in HCI Group by 11.3% during the second quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock valued at $206,000 after acquiring an additional 227 shares in the last quarter. Point72 DIFC Ltd bought a new position in HCI Group during the second quarter valued at approximately $26,000. Finally, Louisiana State Employees Retirement System raised its position in shares of HCI Group by 8.8% in the second quarter. Louisiana State Employees Retirement System now owns 3,700 shares of the insurance provider’s stock valued at $341,000 after purchasing an additional 300 shares during the period. Institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 0.2 %

Shares of HCI Group stock opened at $111.65 on Friday. The company’s fifty day simple moving average is $99.31 and its 200-day simple moving average is $100.27. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 11.36 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, Inc. has a 1 year low of $53.80 and a 1 year high of $121.57.

HCI Group (NYSE:HCI) 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. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. The firm had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. As a group, sell-side analysts expect that HCI Group, Inc. will post 12.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HCI. StockNews.com lowered shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and issued a $145.00 price target on shares of HCI Group in a research report on Monday, September 23rd. Finally, Compass Point dropped their price target on shares of HCI Group from $130.00 to $119.00 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.00.

About HCI Group

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