Brandywine Global Investment Management LLC lifted its position in shares of HCI Group, Inc. (NYSE:HCI) by 11.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,230 shares of the insurance provider’s stock after buying an additional 330 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in HCI Group were worth $152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capstone Asset Management Co. lifted its holdings in shares of HCI Group by 1.0% during the second quarter. Capstone Asset Management Co. now owns 4,926 shares of the insurance provider’s stock worth $231,000 after buying an additional 50 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of HCI Group by 3.3% during the second quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock worth $233,000 after buying an additional 160 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of HCI Group by 2.8% during the first quarter. Nationwide Fund Advisors now owns 6,609 shares of the insurance provider’s stock worth $301,000 after buying an additional 181 shares in the last quarter. Virginia Retirement Systems ET AL lifted its holdings in shares of HCI Group by 1.2% during the second quarter. Virginia Retirement Systems ET AL now owns 17,300 shares of the insurance provider’s stock worth $813,000 after buying an additional 200 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of HCI Group by 1.6% during the first quarter. Legal & General Group Plc now owns 14,147 shares of the insurance provider’s stock worth $644,000 after buying an additional 221 shares in the last quarter. 71.47% of the stock is owned by institutional investors.

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In other HCI Group news, CEO Paresh Patel acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average cost of $36.06 per share, for a total transaction of $36,060.00. Following the transaction, the chief executive officer now owns 227,000 shares in the company, valued at $8,185,620. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have purchased 1,565 shares of company stock worth $56,894. 20.37% of the stock is owned by corporate insiders.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $67.58 million for the quarter, compared to analyst estimates of $64.33 million. HCI Group had a return on equity of 15.65% and a net margin of 13.52%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS.

HCI has been the subject of a number of research reports. TheStreet downgraded HCI Group from a “b-” rating to a “c” rating in a report on Thursday, September 28th. Zacks Investment Research cut HCI Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub cut HCI Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine upgraded HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 13th. Finally, Sidoti upgraded HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Monday, September 11th. Two 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. HCI Group currently has a consensus rating of “Hold” and an average target price of $43.33.

About HCI Group

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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