HCI Group’s (HCI) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of HCI Group (NYSE:HCI) in a research note released on Tuesday morning, Benzinga reports. The firm currently has a $145.00 price target on the insurance provider’s stock.

HCI has been the topic of several other research reports. Compass Point dropped their price objective on shares of HCI Group from $130.00 to $119.00 and set a buy rating on the stock in a report on Tuesday, October 8th. StockNews.com lowered HCI Group from a buy rating to a hold rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $129.00.

HCI Group Price Performance

NYSE HCI opened at $116.29 on Tuesday. The stock has a 50-day simple moving average of $100.42 and a 200 day simple moving average of $100.03. HCI Group has a twelve month low of $55.83 and a twelve month high of $121.57. The stock has a market capitalization of $1.22 billion, a PE ratio of 11.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44.

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 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 company had revenue of $206.25 million during the quarter, compared to analyst estimates of $196.67 million. During the same period in the previous year, the company earned $1.22 earnings per share. Research analysts anticipate that HCI Group will post 12.56 EPS for the current year.

Institutional Trading of HCI Group

Several institutional investors have recently made changes to their positions in HCI. Point72 DIFC Ltd bought a new position in HCI Group during the second quarter worth about $26,000. Gladius Capital Management LP acquired a new position in shares of HCI Group in the 2nd quarter worth approximately $31,000. GAMMA Investing LLC lifted its position in shares of HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock worth $43,000 after buying an additional 178 shares during the period. CWM LLC boosted its stake in HCI Group by 115.4% in the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after buying an additional 495 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new stake in HCI Group in the first quarter valued at $219,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.