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

HCI Group (NYSE:HCI)‘s stock had its “market outperform” rating reissued by research analysts at JMP Securities in a report released on Tuesday, Benzinga reports. They presently have a $145.00 price target on the insurance provider’s stock. JMP Securities’ price objective suggests a potential upside of 24.99% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Compass Point lowered their price target on shares of HCI Group from $130.00 to $119.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.00.

HCI Group Stock Down 0.2 %

NYSE HCI opened at $116.01 on Tuesday. The company’s 50 day simple moving average is $100.98 and its 200 day simple moving average is $100.14. The company has a market capitalization of $1.22 billion, a P/E ratio of 11.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44. HCI Group has a 12 month low of $55.83 and a 12 month high of $121.57.

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

Institutional Trading of HCI Group

A number of institutional investors have recently made changes to their positions in HCI. Point72 DIFC Ltd acquired a new position in HCI Group during the second quarter worth $26,000. Gladius Capital Management LP acquired a new stake in HCI Group during the 2nd quarter valued at approximately $31,000. GAMMA Investing LLC increased its position in HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 178 shares during the period. CWM LLC grew its position in shares of 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, SageView Advisory Group LLC acquired a new stake in shares of HCI Group during the 1st quarter worth approximately $219,000. Institutional investors own 86.99% of the company’s stock.

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.