HCI Group (NYSE:HCI) Rating Reiterated by JMP Securities

HCI Group (NYSE:HCI)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a research note issued on Monday, Benzinga reports. They presently have a $145.00 target price on the insurance provider’s stock. JMP Securities’ target price suggests a potential upside of 34.86% from the company’s previous close.

Separately, StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, HCI Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.25.

HCI Group Stock Performance

NYSE HCI opened at $107.52 on Monday. The business’s 50-day moving average price is $95.15 and its 200 day moving average price is $100.66. HCI Group has a 52-week low of $50.30 and a 52-week high of $121.57. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.13 billion, a P/E ratio of 10.94 and a beta of 1.13.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $196.67 million. During the same quarter in the previous year, the company earned $1.22 EPS. On average, equities research analysts expect that HCI Group will post 12.37 earnings per share for the current year.

Hedge Funds Weigh In On HCI Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in HCI Group during the 2nd quarter valued at $26,000. Quest Partners LLC acquired a new stake in shares of HCI Group during the fourth quarter worth $28,000. Gladius Capital Management LP purchased a new position in HCI Group in the 2nd quarter worth about $31,000. CWM LLC raised its holdings in HCI Group by 115.4% during the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after buying an additional 495 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of HCI Group in the second quarter worth approximately $201,000. 86.99% of the stock is owned by institutional investors.

About HCI Group

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.