HCI Group (NYSE:HCI) Stock Gets Price Target Bump from Citizens Jmp

HCI Group (NYSE:HCI – Get Free Report) had its price target increased by Citizens Jmp from $265.00 to $280.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the insurance provider’s stock. Citizens Jmp‘s price objective points to a potential upside of 39.13% from the company’s previous close.

HCI has been the subject of several other research reports. Cantor Fitzgerald began coverage on HCI Group in a research report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 target price for the company. Weiss Ratings downgraded HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Truist Financial set a $235.00 price target on HCI Group in a research report on Thursday, October 1st. Citigroup reissued a “market outperform” rating on shares of HCI Group in a research note on Thursday. Finally, Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $246.67.

Check Out Our Latest Stock Report on HCI Group

HCI Group Trading Down 0.2%

NYSE:HCI opened at $201.25 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03. HCI Group has a 1-year low of $144.75 and a 1-year high of $208.64. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.67 and a beta of 0.96. The stock has a fifty day simple moving average of $190.15 and a 200 day simple moving average of $171.28.

HCI Group (NYSE:HCI – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $6.45 earnings per share for the quarter, topping analysts’ consensus estimates of $4.96 by $1.49. The firm had revenue of $244.91 million for the quarter, compared to analysts’ expectations of $247.75 million. HCI Group had a return on equity of 28.80% and a net margin of 32.60%. Sell-side analysts forecast that HCI Group will post 21.04 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. GK Wealth Management LLC acquired a new position in shares of HCI Group during the third quarter worth approximately $25,000. Nykredit A S bought a new stake in shares of HCI Group during the second quarter valued at approximately $33,000. Gen Wealth Partners Inc bought a new stake in shares of HCI Group during the third quarter valued at approximately $34,000. Farther Finance Advisors LLC raised its stake in shares of HCI Group by 46.9% in the third quarter. Farther Finance Advisors LLC now owns 285 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 91 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new position in shares of HCI Group in the first quarter valued at $46,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Key Stories Impacting HCI Group

Here are the key news stories impacting HCI Group this week:

HCI Group Company Profile

(Get Free Report)

HCI Group, Inc is a Florida-based holding company focused primarily on property and casualty insurance. Through its insurance subsidiaries, the company provides residential property insurance products, including homeowners, condominium, renters and dwelling coverage, designed to protect policyholders against risks such as wind, fire, theft and other covered losses.

HCI’s insurance operations have historically been concentrated in Florida, one of the largest and most challenging residential property-insurance markets in the United States.

Further Reading

Analyst Recommendations for HCI Group (NYSE:HCI)

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