JMP Securities Increases HCI Group (NYSE:HCI) Price Target to $145.00

HCI Group (NYSE:HCI) had its price objective boosted by research analysts at JMP Securities from $135.00 to $145.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the insurance provider’s stock. JMP Securities’ target price would indicate a potential upside of 57.51% from the stock’s current price.

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

HCI Group Stock Performance

Shares of NYSE:HCI traded up $1.90 on Friday, hitting $92.06. 418,254 shares of the company were exchanged, compared to its average volume of 141,535. The firm has a market capitalization of $964.42 million, a P/E ratio of 9.37 and a beta of 1.13. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. HCI Group has a 1-year low of $48.84 and a 1-year high of $121.57. The stock’s 50 day moving average price is $91.63 and its 200 day moving average price is $100.20.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.91. HCI Group had a return on equity of 40.30% and a net margin of 17.72%. The firm had revenue of $206.61 million during the quarter, compared to analysts’ expectations of $189.17 million. Sell-side analysts predict that HCI Group will post 11.63 EPS for the current year.

Institutional Investors Weigh In On HCI Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of HCI Group in the 4th quarter valued at approximately $155,000. Louisiana State Employees Retirement System acquired a new position in HCI Group during the fourth quarter worth $262,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in HCI Group by 399.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,773 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 1,418 shares in the last quarter. Federated Hermes Inc. purchased a new position in HCI Group during the 4th quarter valued at about $642,000. Finally, Yousif Capital Management LLC acquired a new stake in shares of HCI Group during the fourth quarter worth about $335,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

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.