HCI Group, Inc. (NYSE:HCI) Stock Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in HCI Group, Inc. (NYSE:HCI) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,411 shares of the insurance provider’s stock after selling 569 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of HCI Group worth $747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in HCI Group by 77.3% in the third quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock valued at $1,659,000 after acquiring an additional 6,756 shares during the period. Royce & Associates LP acquired a new position in shares of HCI Group during the third quarter worth approximately $621,000. Victory Capital Management Inc. boosted its position in shares of HCI Group by 152.7% during the third quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock worth $2,380,000 after buying an additional 13,434 shares during the period. AQR Capital Management LLC boosted its position in shares of HCI Group by 27.2% during the second quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider’s stock worth $4,905,000 after buying an additional 11,365 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of HCI Group by 16.4% during the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider’s stock worth $6,015,000 after buying an additional 7,914 shares during the period. 86.99% of the stock is owned by institutional investors.

HCI Group Stock Down 0.7 %

Shares of HCI opened at $122.08 on Thursday. HCI Group, Inc. has a 52 week low of $83.64 and a 52 week high of $126.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $1.29 billion, a P/E ratio of 10.20 and a beta of 1.13. The company has a 50-day simple moving average of $116.37 and a 200-day simple moving average of $107.45.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, November 7th. The insurance provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The company had revenue of $175.32 million during the quarter, compared to analyst estimates of $192.08 million. During the same quarter last year, the business posted $1.41 earnings per share. On average, equities research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Compass Point restated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Oppenheimer upped their price target on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and issued a $145.00 price target on shares of HCI Group in a report on Tuesday, December 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $145.00 price target on shares of HCI Group in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, HCI Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

HCI Group Company Profile

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.