Analysts Set HCI Group, Inc. (NYSE:HCI) Price Target at $129.00

Shares of HCI Group, Inc. (NYSE:HCI) have been given a consensus recommendation of “Buy” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $129.00.

HCI has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday. Compass Point decreased their target price on shares of HCI Group from $130.00 to $119.00 and set a “buy” rating on the stock in a research note on Tuesday, October 8th. Finally, StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

HCI Group Stock Up 0.3 %

HCI stock opened at $116.29 on Wednesday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 11.83 and a beta of 1.13. HCI Group has a 52 week low of $55.83 and a 52 week high of $121.57. The firm has a 50-day simple moving average of $100.42 and a 200-day simple moving average of $100.03. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41.

HCI Group (NYSE:HCI) last issued 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. The firm had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same period in the previous year, the business earned $1.22 earnings per share. Equities analysts forecast that HCI Group will post 12.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HCI Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in shares of HCI Group during the 2nd quarter valued at approximately $26,000. Gladius Capital Management LP acquired a new stake in HCI Group during the second quarter worth $31,000. GAMMA Investing LLC increased its stake in HCI Group by 80.9% during the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 178 shares during the last quarter. CWM LLC raised its position in HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after purchasing an additional 495 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of HCI Group in the 2nd quarter valued at $201,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.