HCI Group (NYSE:HCI) Stock Rating Reaffirmed by JMP Securities

HCI Group (NYSE:HCI)‘s stock had its “market outperform” rating reaffirmed by JMP Securities in a note issued to investors on Monday, Benzinga reports. They currently have a $145.00 price objective on the insurance provider’s stock. JMP Securities’ target price indicates a potential upside of 34.86% from the stock’s previous close.

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

HCI Group Stock Up 1.5 %

HCI opened at $107.52 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. HCI Group has a 12 month low of $50.30 and a 12 month high of $121.57. The business’s 50-day moving average price is $95.15 and its 200-day moving average price is $100.66. The company 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 posted its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) 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 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 firm earned $1.22 earnings per share. On average, equities analysts expect that HCI Group will post 12.37 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in HCI Group during the second quarter valued at about $26,000. Quest Partners LLC purchased a new position in HCI Group during the fourth quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new stake in HCI Group during the second quarter valued at $31,000. CWM LLC grew its holdings 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, SageView Advisory Group LLC purchased a new stake in 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.