Prudential Financial Inc. boosted its stake in HCI Group Inc. (NYSE:HCI) by 42.6% during the second quarter, Holdings Channel reports. The institutional investor owned 212,383 shares of the company’s stock after buying an additional 63,452 shares during the period. Prudential Financial Inc. owned 2.04% of HCI Group worth $5,794,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Princeton Alpha Management LP boosted its stake in HCI Group by 34.7% in the second quarter. Princeton Alpha Management LP now owns 8,848 shares of the company’s stock valued at $241,000 after buying an additional 2,278 shares in the last quarter. Hancock Holding Co. boosted its position in HCI Group by 1.1% in the first quarter. Hancock Holding Co. now owns 230,840 shares of the company’s stock worth $7,687,000 after buying an additional 2,470 shares during the period. AMP Capital Investors Ltd boosted its position in HCI Group by 15.8% in the first quarter. AMP Capital Investors Ltd now owns 21,300 shares of the company’s stock worth $708,000 after buying an additional 2,900 shares during the period. Nisa Investment Advisors LLC boosted its position in HCI Group by 390.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,800 shares of the company’s stock worth $267,000 after buying an additional 7,800 shares during the period. Finally, GSA Capital Partners LLP boosted its position in HCI Group by 45.5% in the second quarter. GSA Capital Partners LLP now owns 26,308 shares of the company’s stock worth $718,000 after buying an additional 8,225 shares during the period. 66.58% of the stock is owned by institutional investors and hedge funds.
HCI Group Inc. (NYSE:HCI) opened at 29.27 on Wednesday. The company has a market cap of $304.06 million, a PE ratio of 9.40 and a beta of 2.16. The stock has a 50 day moving average of $30.71 and a 200-day moving average of $30.63. HCI Group Inc. has a 12-month low of $24.35 and a 12-month high of $45.50.
HCI Group (NYSE:HCI) last released its earnings results on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by $0.34. HCI Group had a return on equity of 13.37% and a net margin of 12.77%. The company earned $61.52 million during the quarter, compared to analysts’ expectations of $64.86 million. During the same period in the prior year, the company posted $1.93 earnings per share. The company’s revenue was down 22.2% on a year-over-year basis. On average, equities research analysts anticipate that HCI Group Inc. will post $2.79 earnings per share for the current fiscal year.
Separately, JMP Securities dropped their target price on shares of HCI Group from $40.00 to $38.00 and set a “market outperform” rating for the company in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.50.
HCI Group Company Profile
HCI Group, Inc (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations.
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