Thrivent Financial for Lutherans Buys 174 Shares of HCI Group, Inc. (NYSE:HCI)

Thrivent Financial for Lutherans grew its stake in shares of HCI Group, Inc. (NYSE:HCI) by 2.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 6,088 shares of the insurance provider’s stock after acquiring an additional 174 shares during the quarter. Thrivent Financial for Lutherans owned about 0.06% of HCI Group worth $561,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jupiter Asset Management Ltd. acquired a new position in HCI Group in the first quarter valued at about $939,000. Quadrature Capital Ltd raised its position in shares of HCI Group by 55.8% in the 4th quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider’s stock valued at $2,610,000 after buying an additional 10,693 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of HCI Group by 153.6% during the 2nd quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider’s stock worth $860,000 after acquiring an additional 5,649 shares during the period. Principal Financial Group Inc. boosted its position in shares of HCI Group by 45.0% during the 1st quarter. Principal Financial Group Inc. now owns 45,387 shares of the insurance provider’s stock worth $5,269,000 after acquiring an additional 14,086 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in HCI Group by 271.1% in the first quarter. BNP Paribas Financial Markets now owns 30,783 shares of the insurance provider’s stock valued at $3,573,000 after acquiring an additional 22,489 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HCI has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Monday, September 23rd. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Compass Point reduced their price objective on HCI Group from $130.00 to $119.00 and set a “buy” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HCI Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.00.

HCI Group Stock Performance

NYSE HCI opened at $97.34 on Wednesday. The firm’s fifty day moving average price is $98.39 and its two-hundred day moving average price is $100.24. The stock has a market cap of $1.02 billion, a PE ratio of 9.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44. HCI Group, Inc. has a fifty-two week low of $53.78 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The business had revenue of $206.25 million for the quarter, compared to analyst estimates of $196.67 million. During the same quarter in the previous year, the company posted $1.22 EPS. On average, equities analysts expect that HCI Group, Inc. will post 12.37 EPS for the current fiscal year.

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.