Nisa Investment Advisors LLC Decreases Holdings in HCI Group, Inc. (NYSE:HCI)

Nisa Investment Advisors LLC reduced its position in HCI Group, Inc. (NYSE:HCI) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 811 shares of the insurance provider’s stock after selling 100 shares during the quarter. Nisa Investment Advisors LLC’s holdings in HCI Group were worth $95,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its stake in HCI Group by 77.3% during the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock worth $1,659,000 after buying an additional 6,756 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of HCI Group during the third quarter worth about $621,000. Victory Capital Management Inc. increased its holdings in shares of HCI Group by 152.7% during the third quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock valued at $2,380,000 after acquiring an additional 13,434 shares in the last quarter. AQR Capital Management LLC raised its position in shares of HCI Group by 27.2% in the 2nd quarter. AQR Capital Management LLC now owns 53,218 shares of the insurance provider’s stock valued at $4,905,000 after purchasing an additional 11,365 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in HCI Group by 16.4% in the 3rd quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider’s stock worth $6,015,000 after purchasing an additional 7,914 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HCI. Oppenheimer upped their price target on shares of HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. JMP Securities reissued a “market outperform” rating and issued 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 set a $120.00 price target (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Finally, Truist Financial reissued a “buy” rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.00.

HCI Group Stock Performance

NYSE HCI opened at $122.31 on Friday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 10.22 and a beta of 1.13. The stock has a 50-day simple moving average of $116.65 and a two-hundred day simple moving average of $107.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. HCI Group, Inc. has a fifty-two week low of $83.64 and a fifty-two week high of $126.50.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, November 7th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The company had revenue of $175.32 million during the quarter, compared to the consensus estimate of $192.08 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. During the same period in the previous year, the company posted $1.41 earnings per share. On average, equities analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current 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.