HCI Group (NYSE:HCI) Rating Reiterated by Compass Point

HCI Group (NYSE:HCI)‘s stock had its “neutral” rating reiterated by Compass Point in a report released on Monday, Marketbeat reports. They currently have a $120.00 price objective on the insurance provider’s stock, up from their previous price objective of $119.00. Compass Point’s price target points to a potential upside of 6.85% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. JMP Securities restated a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

HCI Group Stock Performance

NYSE HCI opened at $112.31 on Monday. The company has a market cap of $1.18 billion, a P/E ratio of 11.43 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. The business’s 50 day moving average price is $102.94 and its 200-day moving average price is $100.08. HCI Group has a fifty-two week low of $55.83 and a fifty-two week high of $121.57.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.63. The firm had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same quarter in the previous year, the company posted $1.22 EPS. Sell-side analysts predict that HCI Group will post 12.56 earnings per share for the current year.

Institutional Investors Weigh In On HCI Group

Hedge funds have recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of HCI Group in the 2nd quarter worth $26,000. Gladius Capital Management LP purchased a new stake in shares of HCI Group in the 2nd quarter worth $31,000. GAMMA Investing LLC lifted its holdings in shares of HCI Group by 80.9% in 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 lifted its holdings in shares of HCI Group by 115.4% in 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 purchased a new stake in shares of HCI Group in the 1st quarter worth $219,000. 86.99% of the stock is currently owned by hedge funds and other 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.