Creative Planning Sells 7,918 Shares of HCI Group, Inc. (NYSE:HCI)

Creative Planning trimmed its holdings in HCI Group, Inc. (NYSE:HCI) by 13.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 51,915 shares of the insurance provider’s stock after selling 7,918 shares during the quarter. Creative Planning’s holdings in HCI Group were worth $5,558,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HCI. Exchange Traded Concepts LLC raised its position in HCI Group by 72.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 27,108 shares of the insurance provider’s stock worth $2,902,000 after purchasing an additional 11,427 shares during the last quarter. CWM LLC increased its stake in shares of HCI Group by 34.2% in the 3rd quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock valued at $133,000 after buying an additional 316 shares during the period. GAMMA Investing LLC raised its position in shares of HCI Group by 80.9% during the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 178 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of HCI Group during the second quarter valued at $1,254,000. Finally, Point72 DIFC Ltd bought a new position in HCI Group in the second quarter valued at about $26,000. 86.99% of the stock is owned by institutional investors.

HCI Group Price Performance

HCI Group stock opened at $113.32 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.19 billion, a P/E ratio of 11.53 and a beta of 1.13. The business has a 50-day moving average of $103.32 and a 200-day moving average of $100.17. HCI Group, Inc. has a 1 year low of $55.83 and a 1 year high of $121.57.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. The firm had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. On average, equities analysts anticipate that HCI Group, Inc. will post 12.56 EPS for the current year.

Wall Street Analyst Weigh In

HCI has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Compass Point reissued a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of HCI Group in a research note on Monday. Finally, StockNews.com lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.25.

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.