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

JMP Securities reiterated their market outperform rating on shares of HCI Group (NYSE:HCI) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $145.00 target price on the insurance provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. Compass Point reduced their price objective 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. StockNews.com cut shares of 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 given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.00.

HCI Group Stock Performance

NYSE:HCI opened at $116.77 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. The company has a fifty day moving average of $101.51 and a two-hundred day moving average of $100.26. The stock has a market capitalization of $1.22 billion, a PE ratio of 11.88 and a beta of 1.13. HCI Group has a fifty-two week low of $55.83 and a fifty-two week high of $121.57.

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 analysts’ consensus estimates of $3.58 by $0.63. The company 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 period in the prior year, the business posted $1.22 earnings per share. As a group, research analysts forecast that HCI Group will post 12.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HCI Group

Large investors have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in shares of HCI Group during the second quarter worth $26,000. Gladius Capital Management LP purchased a new stake in shares of HCI Group in the second quarter valued at about $31,000. GAMMA Investing LLC grew its holdings in shares of HCI Group by 80.9% in the third 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 period. CWM LLC grew 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 purchased a new stake in shares of HCI Group in the second quarter valued at about $201,000. 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.