HCI Group (NYSE:HCI) Stock Rating Reaffirmed by Compass Point

HCI Group (NYSE:HCI)‘s stock had its “neutral” rating restated by stock analysts at Compass Point in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $120.00 target price on the insurance provider’s stock. Compass Point’s price target would suggest a potential upside of 0.12% from the company’s previous close.

A number of other research firms have also issued reports on HCI. JMP Securities reiterated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, October 15th. StockNews.com lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, HCI Group currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

HCI Group Stock Performance

Shares of HCI stock opened at $119.86 on Monday. The firm’s 50 day moving average price is $102.07 and its 200-day moving average price is $100.08. 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 one year low of $55.83 and a one year high of $121.57. The firm has a market cap of $1.26 billion, a P/E ratio of 12.19 and a beta of 1.13.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, topping the consensus estimate of $3.58 by $0.63. The firm had revenue of $206.25 million for the quarter, compared to analyst estimates 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 EPS. As a group, equities research analysts predict that HCI Group will post 12.56 EPS for the current year.

Institutional Investors Weigh In On HCI Group

A number of hedge funds and other institutional investors have recently modified their holdings of HCI. Hood River Capital Management LLC boosted its position in shares of HCI Group by 6.3% in the 2nd quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider’s stock valued at $70,745,000 after purchasing an additional 45,668 shares during the period. Khrom Capital Management LLC grew its stake in shares of HCI Group by 225.3% during the 2nd quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock worth $54,123,000 after purchasing an additional 406,698 shares during the period. Vanguard Group Inc. lifted its stake in shares of HCI Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 499,948 shares of the insurance provider’s stock valued at $58,034,000 after purchasing an additional 31,234 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of HCI Group by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 339,951 shares of the insurance provider’s stock valued at $31,333,000 after purchasing an additional 17,077 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of HCI Group by 130.5% in the second quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider’s stock valued at $10,164,000 after purchasing an additional 62,438 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.