Cwm LLC Acquires 316 Shares of HCI Group, Inc. (NYSE:HCI)

Cwm LLC raised its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 34.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,240 shares of the insurance provider’s stock after acquiring an additional 316 shares during the period. Cwm LLC’s holdings in HCI Group were worth $133,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jupiter Asset Management Ltd. purchased a new position in HCI Group during the 1st quarter valued at $939,000. SG Americas Securities LLC lifted its position 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 valued at $860,000 after buying an additional 5,649 shares in the last quarter. Principal Financial Group Inc. raised 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 valued at $5,269,000 after purchasing an additional 14,086 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of HCI Group by 271.1% in the first quarter. BNP Paribas Financial Markets now owns 30,783 shares of the insurance provider’s stock worth $3,573,000 after acquiring an additional 22,489 shares during the period. Finally, Quadrature Capital Ltd raised its position in shares of HCI Group by 19.0% during the first quarter. Quadrature Capital Ltd now owns 35,520 shares of the insurance provider’s stock valued at $4,120,000 after buying an additional 5,676 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on HCI. JMP Securities reiterated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, October 15th. Compass Point reiterated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of HCI Group in a report on Monday. Finally, StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.25.

HCI Group Price Performance

NYSE HCI opened at $120.97 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 12.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44. The stock’s fifty day moving average price is $103.84 and its 200 day moving average price is $100.31. HCI Group, Inc. has a 1 year low of $55.83 and a 1 year high of $124.00.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.63. The firm had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. During the same quarter last year, the company posted $1.22 earnings per share. As a group, equities research analysts forecast that HCI Group, Inc. will post 12.56 earnings per share 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.