HCI Group (NYSE:HCI) Given Market Outperform Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of HCI Group (NYSE:HCI) in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a $145.00 price target on the insurance provider’s stock.

Other analysts have also issued reports about the company. StockNews.com lowered HCI Group from a buy rating to a hold rating in a research report on Friday, August 2nd. Compass Point lowered their price target on shares of HCI Group from $130.00 to $119.00 and set a buy rating for the company in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $129.00.

HCI Group Stock Up 0.3 %

Shares of NYSE HCI opened at $116.29 on Tuesday. HCI Group has a 12-month low of $55.83 and a 12-month high of $121.57. The firm’s 50-day simple moving average is $100.42 and its 200 day simple moving average is $100.03. 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 company has a market cap of $1.22 billion, a price-to-earnings ratio of 11.83 and a beta of 1.13.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.63. The firm had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. During the same quarter in the previous year, the company posted $1.22 EPS. On average, research analysts expect that HCI Group will post 12.56 earnings per share for the current fiscal year.

Institutional Trading of HCI Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP bought a new stake in HCI Group in the fourth quarter valued at approximately $5,633,000. Quadrature Capital Ltd grew its holdings in shares of HCI Group by 55.8% in the 4th quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider’s stock valued at $2,610,000 after buying an additional 10,693 shares during the period. Range Financial Group LLC increased its position in shares of HCI Group by 34.8% in the 1st quarter. Range Financial Group LLC now owns 9,054 shares of the insurance provider’s stock valued at $1,051,000 after buying an additional 2,339 shares in the last quarter. CCG Wealth Management LLC acquired a new stake in HCI Group during the 1st quarter worth $286,000. Finally, Allspring Global Investments Holdings LLC bought a new position in HCI Group during the first quarter worth about $407,000. 86.99% of the stock is owned by 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.