HCI Group, Inc. $HCI Shares Purchased by Tweedy Browne Co LLC

Key Points

• Tweedy Browne Co LLC significantly increased its stake in HCI Group, Inc. by 140.3% during the second quarter, owning 4,760 shares valued at approximately $724,000.
• Recent analyst ratings show mixed opinions on HCI Group's stock, with Weiss Ratings maintaining a "buy" rating, while Zacks Research upgraded it to a "strong-buy."
• HCI Group reported a strong quarterly earnings result with an EPS of $5.18, surpassing estimates and reflecting a net margin of 18.58% and a return on equity of 25.84%.

Tweedy Browne Co LLC raised its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 140.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,760 shares of the insurance provider's stock after purchasing an additional 2,779 shares during the period. Tweedy Browne Co LLC's holdings in HCI Group were worth $724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Global Assets Advisory LLC acquired a new stake in shares of HCI Group in the second quarter worth $46,000. USA Financial Formulas increased its position in shares of HCI Group by 250.0% in the second quarter. USA Financial Formulas now owns 518 shares of the insurance provider's stock worth $79,000 after acquiring an additional 370 shares in the last quarter. GAMMA Investing LLC increased its position 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 worth $89,000 after acquiring an additional 85 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of HCI Group by 825.7% in the first quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider's stock worth $97,000 after acquiring an additional 578 shares in the last quarter. Finally, Simplex Trading LLC acquired a new stake in shares of HCI Group in the first quarter worth $148,000. Institutional investors and hedge funds own 86.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HCI. Weiss Ratings reissued a "buy (b-)" rating on shares of HCI Group in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of HCI Group from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd. Finally, Zacks Research raised shares of HCI Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $181.25.

HCI Group Price Performance

Shares of HCI stock opened at $189.12 on Friday. The firm has a fifty day moving average of $175.76 and a two-hundred day moving average of $158.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. HCI Group, Inc. has a 1-year low of $105.00 and a 1-year high of $201.91. The firm has a market cap of $2.45 billion, a P/E ratio of 16.77 and a beta of 1.17.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 EPS for the quarter, topping analysts' consensus estimates of $4.47 by $0.71. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. The company had revenue of $221.92 million for the quarter, compared to the consensus estimate of $218.98 million. As a group, research analysts anticipate that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

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.

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