State of Alaska Department of Revenue Has $841,000 Position in HCI Group, Inc. $HCI

State of Alaska Department of Revenue boosted its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,532 shares of the insurance provider’s stock after buying an additional 827 shares during the period. State of Alaska Department of Revenue’s holdings in HCI Group were worth $841,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HCI. American Century Companies Inc. boosted its stake in HCI Group by 168.8% during the first quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider’s stock worth $67,569,000 after buying an additional 284,315 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of HCI Group in the 2nd quarter valued at $7,449,000. Millennium Management LLC boosted its stake 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 purchasing an additional 45,097 shares in the last quarter. Informed Momentum Co LLC acquired a new stake in shares of HCI Group in the 1st quarter valued at $4,068,000. Finally, Kingdon Capital Management L.L.C. acquired a new stake in shares of HCI Group in the 1st quarter valued at $3,880,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Performance

HCI Group stock opened at $194.45 on Tuesday. The stock has a 50-day simple moving average of $167.27 and a 200 day simple moving average of $156.17. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. HCI Group, Inc. has a 12-month low of $91.06 and a 12-month high of $197.22. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 17.24 and a beta of 1.17.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.47 by $0.71. HCI Group had a return on equity of 25.84% and a net margin of 18.58%.The business had revenue of $221.92 million during the quarter, compared to analysts’ expectations of $218.98 million. On average, research analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HCI shares. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of HCI Group in a research note on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $181.25.

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.