HCI Group, Inc. (NYSE:HCI) Stock Rated “Buy” by Wall Street Analysts

Shares of HCI Group, Inc. (NYSE:HCI) have received an average rating of “Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $241.67.

A number of research firms recently commented on HCI. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Citizens Jmp increased their price target on HCI Group from $255.00 to $265.00 and gave the company a “market outperform” rating in a research note on Friday, August 7th. Weiss Ratings cut HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Cantor Fitzgerald started coverage on HCI Group in a research note on Thursday, July 9th. They issued an “overweight” rating and a $225.00 price objective on the stock. Finally, Truist Financial set a $235.00 price objective on HCI Group in a research note on Thursday, October 1st.

HCI Group Stock Up 2.8%

Shares of HCI stock opened at $197.11 on Tuesday. The company’s fifty day simple moving average is $184.46 and its two-hundred day simple moving average is $170.70. HCI Group has a 52 week low of $144.75 and a 52 week high of $210.50. The stock has a market cap of $2.45 billion, a P/E ratio of 8.50 and a beta of 1.05. 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 (NYSE:HCI) last issued its quarterly earnings data on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.04 by $0.56. The firm had revenue of $246.65 million during the quarter, compared to analyst estimates of $247.43 million. HCI Group had a return on equity of 28.80% and a net margin of 32.60%. Analysts predict that HCI Group will post 20.45 EPS for the current fiscal year.

Institutional Investors Weigh In On HCI Group

Several large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its holdings in shares of HCI Group by 46.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 285 shares of the insurance provider’s stock worth $50,000 after purchasing an additional 91 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of HCI Group by 1.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 6,011 shares of the insurance provider’s stock valued at $929,000 after purchasing an additional 97 shares during the last quarter. GK Wealth Management LLC purchased a new stake in HCI Group during the 3rd quarter valued at $25,000. IFP Advisors Inc raised its holdings in HCI Group by 21.9% during the 2nd quarter. IFP Advisors Inc now owns 828 shares of the insurance provider’s stock valued at $145,000 after buying an additional 149 shares during the period. Finally, Quantinno Capital Management LP lifted its position in HCI Group by 5.4% in the first quarter. Quantinno Capital Management LP now owns 3,030 shares of the insurance provider’s stock worth $468,000 after buying an additional 156 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Company Profile

HCI Group, Inc is a holding company headquartered in Tampa, Florida, that operates businesses in property and casualty insurance, real estate, and insurance-related technology. Its principal activities center on providing property insurance products for residential policyholders, with an emphasis on coverage for homeowners and other property owners.

HCI’s insurance operations have historically served customers primarily in Florida and other U.S. markets through affiliated insurance companies, including Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company.