HCI Group, Inc. (NYSE:HCI) Receives $129.00 Consensus PT from Analysts

Shares of HCI Group, Inc. (NYSE:HCI) have earned a consensus rating of “Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $129.00.

A number of brokerages recently commented on HCI. JMP Securities restated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday. StockNews.com cut shares of HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Compass Point cut 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.

HCI Group Stock Performance

NYSE:HCI opened at $116.29 on Wednesday. HCI Group has a fifty-two week low of $55.83 and a fifty-two week high of $121.57. 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 company has a 50 day moving average price of $100.42 and a 200 day moving average price of $100.03. 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 (NYSE:HCI) last released 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 for the quarter, compared to analysts’ expectations of $196.67 million. During the same period in the prior year, the firm earned $1.22 earnings per share. Equities research analysts forecast that HCI Group will post 12.56 EPS for the current year.

Hedge Funds Weigh In On HCI Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new stake in shares of HCI Group during the second quarter worth approximately $26,000. Gladius Capital Management LP acquired a new position in HCI Group during the 2nd quarter worth approximately $31,000. GAMMA Investing LLC increased its position 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 valued at $43,000 after purchasing an additional 178 shares during the last quarter. CWM LLC raised 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 valued at $85,000 after purchasing an additional 495 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of HCI Group during the 2nd quarter worth $201,000. Hedge funds and other 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.