Global Assets Advisory LLC Buys New Stake in HCI Group, Inc. $HCI

Global Assets Advisory LLC purchased a new position in HCI Group, Inc. (NYSE:HCI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 300 shares of the insurance provider’s stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HCI. Simplex Trading LLC acquired a new stake in shares of HCI Group in the 1st quarter worth $148,000. GAMMA Investing LLC raised its stake in HCI Group by 16.6% in the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock valued at $89,000 after buying an additional 85 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of HCI Group by 2.2% during the first quarter. Principal Financial Group Inc. now owns 61,664 shares of the insurance provider’s stock worth $9,202,000 after acquiring an additional 1,332 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of HCI Group by 6.7% during the first quarter. Victory Capital Management Inc. now owns 22,897 shares of the insurance provider’s stock worth $3,417,000 after acquiring an additional 1,443 shares during the last quarter. Finally, Amundi increased its holdings in shares of HCI Group by 8,320.5% during the first quarter. Amundi now owns 25,514 shares of the insurance provider’s stock valued at $3,783,000 after acquiring an additional 25,211 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of HCI Group in a research note on Saturday, September 27th. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $181.25.

HCI Group Stock Performance

HCI opened at $194.45 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. HCI Group, Inc. has a 12-month low of $91.06 and a 12-month high of $197.22. The firm has a 50 day moving average of $167.27 and a two-hundred day moving average of $156.17. The firm has a market capitalization of $2.52 billion, a PE ratio of 17.24 and a beta of 1.17.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.71. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. The firm had revenue of $221.92 million for the quarter, compared to analyst estimates of $218.98 million. On average, analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current year.

About HCI Group

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.