SG Americas Securities LLC Grows Stock Holdings in HCI Group, Inc. $HCI

SG Americas Securities LLC grew its stake in HCI Group, Inc. (NYSE:HCI) by 82.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,968 shares of the insurance provider’s stock after acquiring an additional 4,045 shares during the period. SG Americas Securities LLC’s holdings in HCI Group were worth $1,387,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HCI. Royal Bank of Canada raised its stake in shares of HCI Group by 5.5% during the first quarter. Royal Bank of Canada now owns 14,023 shares of the insurance provider’s stock valued at $2,093,000 after acquiring an additional 727 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of HCI Group by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock valued at $736,000 after purchasing an additional 228 shares during the period. Millennium Management LLC grew its stake in HCI Group by 78.7% in the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock worth $15,278,000 after purchasing an additional 45,097 shares in the last quarter. Russell Investments Group Ltd. grew its stake in HCI Group by 115.9% in the second quarter. Russell Investments Group Ltd. now owns 1,399 shares of the insurance provider’s stock worth $213,000 after purchasing an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased 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 worth $33,000 after purchasing an additional 184 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

HCI Group Trading Down 0.2%

NYSE:HCI opened at $182.30 on Friday. The firm has a 50-day simple moving average of $160.53 and a 200-day simple moving average of $164.24. HCI Group, Inc. has a one year low of $136.37 and a one year high of $210.50. The firm has a market cap of $2.33 billion, a P/E ratio of 8.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82.

HCI Group (NYSE:HCI) last released 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 firm had revenue of $242.88 million for the quarter, compared to the consensus estimate of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. Equities analysts anticipate that HCI Group, Inc. will post 18.07 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 15th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, May 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. HCI Group’s dividend payout ratio is currently 7.02%.

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.