HCI Group (NYSE:HCI) Stock Rating Lowered by Zacks Research

HCI Group (NYSE:HCI) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.00.

HCI Group Stock Up 0.3%

HCI Group stock opened at $150.27 on Wednesday. The stock has a market capitalization of $1.92 billion, a PE ratio of 6.60 and a beta of 1.08. HCI Group has a twelve month low of $136.37 and a twelve month high of $210.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $154.34 and a 200-day moving average of $165.17.

HCI Group (NYSE:HCI) last announced its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, topping the consensus estimate of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The business had revenue of $242.88 million during the quarter, compared to analysts’ expectations of $245.09 million. On average, equities research analysts anticipate that HCI Group will post 17.82 EPS for the current fiscal year.

Institutional Trading of HCI Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCI. Freestone Grove Partners LP raised its position in HCI Group by 353.6% during the fourth quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider’s stock worth $52,735,000 after acquiring an additional 214,464 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in HCI Group by 2,944.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 116,858 shares of the insurance provider’s stock worth $18,067,000 after acquiring an additional 113,019 shares in the last quarter. Vanguard Group Inc. raised its position in HCI Group by 15.1% during the third quarter. Vanguard Group Inc. now owns 807,454 shares of the insurance provider’s stock worth $154,975,000 after acquiring an additional 105,925 shares in the last quarter. Danske Bank A S bought a new stake in HCI Group during the third quarter worth $19,256,000. Finally, Jacobs Levy Equity Management Inc. raised its position in HCI Group by 129.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 125,399 shares of the insurance provider’s stock worth $24,038,000 after acquiring an additional 70,662 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.