SG Americas Securities LLC Has $747,000 Position in HCI Group, Inc. (NYSE:HCI)

SG Americas Securities LLC lessened its position in HCI Group, Inc. (NYSE:HCIFree Report) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,411 shares of the insurance provider’s stock after selling 569 shares during the period. SG Americas Securities LLC’s holdings in HCI Group were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in shares of HCI Group by 77.3% in the 3rd 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 bought a new position in shares of HCI Group in the 3rd quarter valued at about $621,000. Victory Capital Management Inc. grew its position in shares of HCI Group by 152.7% in the 3rd quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock valued at $2,380,000 after acquiring an additional 13,434 shares during the period. AQR Capital Management LLC boosted its holdings in shares of HCI Group by 27.2% during the 2nd 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 holdings in shares of HCI Group by 16.4% during the 3rd 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. Institutional investors own 86.99% of the company’s stock.

HCI Group Stock Down 0.7 %

Shares of NYSE HCI opened at $122.08 on Thursday. The firm has a market cap of $1.29 billion, a PE ratio of 10.20 and a beta of 1.13. HCI Group, Inc. has a 12-month low of $83.64 and a 12-month high of $126.50. The company’s fifty day simple moving average is $116.37 and its 200 day simple moving average is $107.45. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCIGet Free Report) last released 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. The firm had revenue of $175.32 million for the quarter, compared to the consensus estimate of $192.08 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. During the same quarter in the prior year, the company posted $1.41 earnings per share. As a group, sell-side analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on HCI shares. Compass Point reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. JMP Securities reissued a “market outperform” rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Truist Financial restated a “buy” rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday, December 17th. Finally, Oppenheimer boosted their target price on shares of HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, HCI Group has an average rating of “Moderate Buy” and a consensus target price of $140.00.

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HCI Group Company Profile

(Free Report)

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.

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

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