HCI Group (NYSE:HCI) Price Target Increased to $135.00 by Analysts at JMP Securities

HCI Group (NYSE:HCI) had its price objective upped by equities researchers at JMP Securities from $120.00 to $135.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the insurance provider’s stock. JMP Securities’ price objective points to a potential upside of 28.74% from the stock’s current price.

HCI has been the topic of several other reports. Compass Point increased their target price on HCI Group from $90.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. William Blair upgraded HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. Oppenheimer restated an “outperform” rating and issued a $140.00 price target on shares of HCI Group in a research note on Friday, April 5th. Finally, Truist Financial raised their price target on HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, HCI Group has a consensus rating of “Moderate Buy” and an average target price of $127.75.

HCI Group Stock Down 9.0 %

HCI stock traded down $10.40 on Thursday, reaching $104.86. 843,353 shares of the company traded hands, compared to its average volume of 139,088. HCI Group has a one year low of $48.84 and a one year high of $121.57. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $1.08 billion, a P/E ratio of 13.87 and a beta of 1.15. The firm has a fifty day simple moving average of $111.77 and a 200-day simple moving average of $94.24.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, March 7th. The insurance provider reported $3.22 EPS for the quarter, beating the consensus estimate of $1.41 by $1.81. HCI Group had a return on equity of 36.40% and a net margin of 14.35%. The business had revenue of $162.67 million for the quarter, compared to the consensus estimate of $146.09 million. During the same period last year, the business posted $0.06 EPS. Research analysts anticipate that HCI Group will post 10.33 earnings per share for the current year.

Insider Buying and Selling at HCI Group

In other news, CEO Paresh Patel purchased 500 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was purchased at an average price of $111.00 per share, for a total transaction of $55,500.00. Following the completion of the acquisition, the chief executive officer now owns 349,500 shares of the company’s stock, valued at $38,794,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Paresh Patel purchased 500 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was purchased at an average price of $111.00 per share, for a total transaction of $55,500.00. Following the completion of the acquisition, the chief executive officer now owns 349,500 shares of the company’s stock, valued at $38,794,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Andrew L. Graham sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $116.42, for a total value of $93,136.00. Following the completion of the sale, the general counsel now owns 57,630 shares of the company’s stock, valued at approximately $6,709,284.60. The disclosure for this sale can be found here. Insiders sold 113,102 shares of company stock worth $13,198,303 over the last 90 days. Company insiders own 25.25% of the company’s stock.

Institutional Trading of HCI Group

Hedge funds have recently bought and sold shares of the stock. SageView Advisory Group LLC acquired a new position in shares of HCI Group during the first quarter worth $219,000. Entropy Technologies LP purchased a new position in HCI Group in the 1st quarter worth $275,000. Sei Investments Co. raised its stake in HCI Group by 29.0% in the 1st quarter. Sei Investments Co. now owns 6,461 shares of the insurance provider’s stock worth $750,000 after acquiring an additional 1,453 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in HCI Group in the 1st quarter worth $547,000. Finally, Swiss National Bank raised its stake in HCI Group by 1.4% in the 1st quarter. Swiss National Bank now owns 14,400 shares of the insurance provider’s stock worth $1,672,000 after acquiring an additional 200 shares during the last quarter. 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.