SG Americas Securities LLC Buys 4,045 Shares of HCI Group, Inc. $HCI

SG Americas Securities LLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI) by 82.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,968 shares of the insurance provider’s stock after purchasing an additional 4,045 shares during the period. SG Americas Securities LLC owned 0.07% of HCI Group worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HCI. Torren Management LLC purchased a new position in shares of HCI Group in the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC raised its holdings in HCI Group by 519.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock valued at $31,000 after buying an additional 135 shares during the period. EverSource Wealth Advisors LLC raised its holdings in HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares during the period. Farther Finance Advisors LLC lifted its position in HCI Group by 62.8% in the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after buying an additional 71 shares during the last quarter. Finally, Optima Capital LLC bought a new stake in HCI Group in the fourth quarter worth $78,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

HCI Group Trading Down 0.2%

Shares of NYSE HCI opened at $182.30 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50 day moving average price is $160.53 and its 200-day moving average price is $164.24. HCI Group, Inc. has a fifty-two week low of $136.37 and a fifty-two week high of $210.50. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 8.00 and a beta of 1.03.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. The company had revenue of $242.88 million during the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. On average, sell-side analysts expect that HCI Group, Inc. will post 18.07 earnings per share for the current year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, May 15th. HCI Group’s dividend payout ratio (DPR) is 7.02%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.00.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.