Analysts Set HCI Group, Inc. (NYSE:HCI) Price Target at $129.00

Shares of HCI Group, Inc. (NYSE:HCI) have been given a consensus recommendation of “Buy” by the five research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $129.00.

HCI has been the topic of several analyst reports. Compass Point decreased their price objective on HCI Group from $130.00 to $119.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research note on Monday, September 23rd.

HCI Group Trading Up 0.2 %

NYSE HCI opened at $111.66 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $98.89 and its two-hundred day simple moving average is $100.31. HCI Group has a twelve month low of $53.80 and a twelve month high of $121.57. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.73 and a beta of 1.13.

HCI Group (NYSE:HCI) last posted its quarterly 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 firm had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. During the same period last year, the firm posted $1.22 earnings per share. Research analysts forecast that HCI Group will post 12.56 EPS for the current fiscal year.

Institutional Investors Weigh In On HCI Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new position in shares of HCI Group in the 4th quarter worth approximately $399,000. Wasatch Advisors LP grew its holdings in HCI Group by 5.1% in the fourth quarter. Wasatch Advisors LP now owns 186,053 shares of the insurance provider’s stock worth $16,261,000 after purchasing an additional 8,992 shares during the period. Wellington Management Group LLP purchased a new stake in HCI Group in the fourth quarter worth about $5,633,000. Quadrature Capital Ltd grew its holdings in HCI Group by 55.8% in the fourth quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider’s stock worth $2,610,000 after purchasing an additional 10,693 shares during the period. Finally, Range Financial Group LLC lifted its stake in shares of HCI Group by 34.8% in the first quarter. Range Financial Group LLC now owns 9,054 shares of the insurance provider’s stock worth $1,051,000 after buying an additional 2,339 shares in the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

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.