SG Americas Securities LLC Sells 25,292 Shares of HCI Group, Inc. $HCI

by · The Markets Daily

SG Americas Securities LLC cut its stake in shares of HCI Group, Inc. (NYSE:HCI – Free Report) by 86.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,840 shares of the insurance provider’s stock after selling 25,292 shares during the quarter. SG Americas Securities LLC’s holdings in HCI Group were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HCI. EverSource Wealth Advisors LLC raised its position in shares of HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after buying an additional 184 shares in the last quarter. Global Assets Advisory LLC bought a new position in HCI Group in the second quarter valued at $46,000. USA Financial Formulas raised its position in HCI Group by 250.0% during the second quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 370 shares in the last quarter. Caldwell Trust Co bought a new stake in HCI Group during the second quarter worth about $83,000. Finally, GAMMA Investing LLC lifted its stake in HCI Group by 24.5% during the second quarter. GAMMA Investing LLC now owns 742 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

NYSE:HCI opened at $172.08 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80. HCI Group, Inc. has a fifty-two week low of $115.65 and a fifty-two week high of $210.50. The firm has a market cap of $2.23 billion, a PE ratio of 10.99 and a beta of 1.20. The business has a 50 day moving average price of $180.48 and a 200-day moving average price of $174.36.

HCI Group (NYSE:HCI – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The insurance provider reported $4.90 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $2.46. The company had revenue of $216.35 million during the quarter, compared to analyst estimates of $223.53 million. HCI Group had a net margin of 24.97% and a return on equity of 31.18%. Equities research analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 20th. HCI Group’s dividend payout ratio is currently 10.22%.

Wall Street Analysts Forecast Growth

HCI has been the topic of several recent research reports. Zacks Research lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Citigroup reaffirmed a “market outperform” rating on shares of HCI Group in a research note on Friday. Citizens Jmp lifted their price target on shares of HCI Group from $225.00 to $255.00 and gave the stock a “market outperform” rating in a research note on Monday, November 10th. Oppenheimer lowered shares of HCI Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 13th. Finally, Truist Financial increased their target price on shares of HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $230.00.

Read Our Latest Stock Report on HCI

About HCI Group

(Free Report)

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.

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