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

HCI Group (NYSE:HCI)‘s stock had its “market outperform” rating reiterated by research analysts at JMP Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $145.00 target price on the insurance provider’s stock. JMP Securities’ target price suggests a potential upside of 24.99% from the stock’s current price.

Several other research firms also recently commented on HCI. Compass Point dropped their target price on HCI Group from $130.00 to $119.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HCI Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.00.

HCI Group Stock Performance

Shares of HCI stock opened at $116.01 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44. HCI Group has a fifty-two week low of $55.83 and a fifty-two week high of $121.57. The stock has a 50 day moving average price of $100.98 and a two-hundred day moving average price of $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.

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. Analysts expect that HCI Group will post 12.56 earnings per share for the current year.

Institutional Investors Weigh In On HCI Group

A number of institutional investors and hedge funds have recently modified their holdings of HCI. Point72 DIFC Ltd purchased a new stake in shares of HCI Group in the 2nd quarter worth $26,000. Gladius Capital Management LP acquired a new position in HCI Group during the 2nd quarter valued at about $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 buying an additional 178 shares in the last quarter. CWM LLC increased its holdings in shares of 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, Intech Investment Management LLC acquired a new position in shares of HCI Group in the second quarter valued at about $201,000. 86.99% of the stock is owned by 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.