GAMMA Investing LLC Acquires 146 Shares of HCI Group, Inc. $HCI

GAMMA Investing LLC increased its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 24.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 742 shares of the insurance provider’s stock after acquiring an additional 146 shares during the period. GAMMA Investing LLC’s holdings in HCI Group were worth $113,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of HCI Group by 168.8% in the 1st quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider’s stock valued at $67,569,000 after purchasing an additional 284,315 shares during the period. Wellington Management Group LLP grew its holdings in shares of HCI Group by 13.3% in the 1st quarter. Wellington Management Group LLP now owns 175,376 shares of the insurance provider’s stock valued at $26,171,000 after acquiring an additional 20,537 shares in the last quarter. Millennium Management LLC grew its holdings in shares of HCI Group by 78.7% in the 1st quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock valued at $15,278,000 after acquiring an additional 45,097 shares in the last quarter. Northern Trust Corp grew its holdings in HCI Group by 3.3% during the first quarter. Northern Trust Corp now owns 91,127 shares of the insurance provider’s stock worth $13,599,000 after purchasing an additional 2,897 shares during the period. Finally, Principal Financial Group Inc. lifted its position in 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. 86.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, HCI Group has a consensus rating of “Buy” and an average price target of $181.25.

HCI Group Stock Performance

NYSE HCI opened at $187.45 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $2.43 billion, a P/E ratio of 16.62 and a beta of 1.17. The company has a fifty day moving average of $164.01 and a 200-day moving average of $154.76. HCI Group, Inc. has a 52-week low of $91.06 and a 52-week high of $193.29.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, topping the consensus estimate of $4.47 by $0.71. The business had revenue of $221.92 million during the quarter, compared to the consensus estimate of $218.98 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. As a group, equities research analysts predict that HCI Group, Inc. will post 6.78 EPS for the current fiscal 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.