Alliancebernstein L.P. cut its holdings in HCI Group, Inc. (NYSE:HCI) by 38.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,320 shares of the insurance provider’s stock after selling 28,440 shares during the period. Alliancebernstein L.P. owned 0.45% of HCI Group worth $2,129,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of HCI. Nationwide Fund Advisors increased its stake in shares of HCI Group by 2.8% in the first quarter. Nationwide Fund Advisors now owns 6,609 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 181 shares during the period. Russell Investments Group Ltd. increased its stake in shares of HCI Group by 192.8% in the first quarter. Russell Investments Group Ltd. now owns 6,589 shares of the insurance provider’s stock worth $300,000 after purchasing an additional 4,339 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of HCI Group by 10.2% in the first quarter. Great West Life Assurance Co. Can now owns 10,961 shares of the insurance provider’s stock worth $499,000 after purchasing an additional 1,019 shares during the period. Comerica Bank increased its stake in shares of HCI Group by 4.4% in the first quarter. Comerica Bank now owns 9,445 shares of the insurance provider’s stock worth $455,000 after purchasing an additional 400 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of HCI Group by 3.4% in the first quarter. Ameriprise Financial Inc. now owns 87,378 shares of the insurance provider’s stock worth $3,983,000 after purchasing an additional 2,837 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.

A number of equities analysts have recently commented on HCI shares. TheStreet lowered HCI Group from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. Zacks Investment Research lowered HCI Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub lowered HCI Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. ValuEngine upgraded HCI Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 13th. Finally, Sidoti upgraded HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $43.33.

HCI Group, Inc. (NYSE HCI) opened at 38.57 on Tuesday. HCI Group, Inc. has a 52 week low of $25.50 and a 52 week high of $50.93. The company has a market capitalization of $385.16 million, a price-to-earnings ratio of 10.62 and a beta of 2.32. The company’s 50-day moving average price is $36.92 and its 200 day moving average price is $42.96.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The firm had revenue of $67.58 million for the quarter, compared to analysts’ expectations of $64.33 million. HCI Group had a net margin of 13.52% and a return on equity of 15.65%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. On average, analysts predict that HCI Group, Inc. will post $0.92 EPS for the current year.

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In related news, CEO Paresh Patel purchased 1,000 shares of the stock in a transaction on Wednesday, September 20th. The shares were purchased at an average cost of $36.06 per share, with a total value of $36,060.00. Following the acquisition, the chief executive officer now directly owns 227,000 shares in the company, valued at $8,185,620. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders acquired 1,565 shares of company stock worth $56,894. Insiders own 20.37% of the company’s stock.

HCI Group Company Profile

HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.

Institutional Ownership by Quarter for HCI Group (NYSE:HCI)

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