USA Financial Formulas Increases Stake in HCI Group, Inc. $HCI

USA Financial Formulas lifted its stake in shares of HCI Group, Inc. (NYSE:HCI) by 250.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518 shares of the insurance provider’s stock after acquiring an additional 370 shares during the period. USA Financial Formulas’ holdings in HCI Group were worth $79,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of HCI Group by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock worth $89,000 after acquiring an additional 85 shares during the period. Martingale Asset Management L P raised its holdings in HCI Group by 1.6% in the first quarter. Martingale Asset Management L P now owns 10,893 shares of the insurance provider’s stock valued at $1,626,000 after buying an additional 170 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in HCI Group by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock valued at $736,000 after buying an additional 228 shares during the period. SG Americas Securities LLC raised its holdings in 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 during the period. Finally, Quantbot Technologies LP raised its holdings in HCI Group by 4.1% in the first quarter. Quantbot Technologies LP now owns 9,301 shares of the insurance provider’s stock valued at $1,388,000 after buying an additional 369 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

HCI Group Trading Up 1.5%

HCI opened at $189.68 on Friday. The firm has a market capitalization of $2.46 billion, a P/E ratio of 16.82 and a beta of 1.17. The firm’s 50 day moving average is $165.02 and its 200-day moving average is $155.11. HCI Group, Inc. has a 52-week low of $91.06 and a 52-week high of $193.29. 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 posted its quarterly earnings data 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. The company had revenue of $221.92 million for the quarter, compared to analyst estimates of $218.98 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. Analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group 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.