HCI Group, Inc. (NYSE:HCI) Shares Sold by Creative Planning

Creative Planning reduced its stake in HCI Group, Inc. (NYSE:HCI - Free Report) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,915 shares of the insurance provider's stock after selling 7,918 shares during the period. Creative Planning owned approximately 0.50% of HCI Group worth $5,558,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HCI. Jupiter Asset Management Ltd. acquired a new stake in shares of HCI Group in the first quarter valued at about $939,000. SG Americas Securities LLC raised its stake in shares of HCI Group by 153.6% during the second quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider's stock valued at $860,000 after purchasing an additional 5,649 shares during the period. Principal Financial Group Inc. lifted its position in shares of HCI Group by 45.0% during the first quarter. Principal Financial Group Inc. now owns 45,387 shares of the insurance provider's stock worth $5,269,000 after purchasing an additional 14,086 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of HCI Group by 271.1% during the first quarter. BNP Paribas Financial Markets now owns 30,783 shares of the insurance provider's stock worth $3,573,000 after purchasing an additional 22,489 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its stake in shares of HCI Group by 19.0% in the first quarter. Quadrature Capital Ltd now owns 35,520 shares of the insurance provider's stock valued at $4,120,000 after purchasing an additional 5,676 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Stock Up 6.7 %

NYSE:HCI traded up $7.57 during mid-day trading on Thursday, reaching $120.97. The stock had a trading volume of 220,634 shares, compared to its average volume of 146,894. The stock's 50 day simple moving average is $103.84 and its two-hundred day simple moving average is $100.31. HCI Group, Inc. has a 1-year low of $55.83 and a 1-year high of $124.00. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, beating analysts' consensus estimates of $3.58 by $0.63. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The business had revenue of $206.25 million during the quarter, compared to the consensus estimate of $196.67 million. During the same period in the previous year, the business earned $1.22 EPS. Equities analysts anticipate that HCI Group, Inc. will post 12.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HCI. JMP Securities reiterated a "market outperform" rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Compass Point reiterated a "neutral" rating and issued a $120.00 price target (up previously from $119.00) on shares of HCI Group in a research note on Monday. Finally, StockNews.com downgraded HCI Group from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.25.

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.