Baldwin Wealth Partners LLC MA Decreases Stake in HCI Group, Inc. $HCI

Baldwin Wealth Partners LLC MA cut its holdings in HCI Group, Inc. (NYSE:HCI) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,004 shares of the insurance provider’s stock after selling 230 shares during the quarter. Baldwin Wealth Partners LLC MA owned 0.10% of HCI Group worth $1,827,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HCI. GAMMA Investing LLC boosted its stake in shares of HCI Group by 16.6% in the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock valued at $89,000 after buying an additional 85 shares in the last quarter. SG Americas Securities LLC increased its position in shares of HCI Group by 4.1% in the first quarter. SG Americas Securities LLC now owns 6,676 shares of the insurance provider’s stock valued at $996,000 after buying an additional 265 shares in the last quarter. CCG Wealth Management LLC purchased a new position in shares of HCI Group in the first quarter valued at $246,000. Principal Financial Group Inc. increased its position in shares of HCI Group by 2.2% in the first quarter. Principal Financial Group Inc. now owns 61,664 shares of the insurance provider’s stock valued at $9,202,000 after buying an additional 1,332 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of HCI Group by 22.2% in the first quarter. Envestnet Asset Management Inc. now owns 8,886 shares of the insurance provider’s stock valued at $1,326,000 after buying an additional 1,612 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HCI has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of HCI Group in a research report on Wednesday. Wall Street Zen cut HCI Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $181.25.

HCI Group Stock Performance

NYSE HCI opened at $186.73 on Friday. HCI Group, Inc. has a fifty-two week low of $101.80 and a fifty-two week high of $199.00. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 16.55 and a beta of 1.17. The business has a fifty day moving average of $170.47 and a 200-day moving average of $157.05. 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 (NYSE:HCI) last released its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, topping 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 company had revenue of $221.92 million during the quarter, compared to analysts’ expectations of $218.98 million. As a group, analysts predict that HCI Group, Inc. will post 6.78 earnings per share 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.