HCI Group (NYSE:HCI) Downgraded to “Hold” Rating by Zacks Research

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

Several other research firms have also recently weighed in on HCI. Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research 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 stock. Based on data from MarketBeat, HCI Group presently has an average rating of “Moderate Buy” and a consensus target price of $245.00.

HCI Group Stock Performance

NYSE HCI opened at $150.27 on Wednesday. HCI Group has a 1 year low of $136.37 and a 1 year high of $210.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $1.92 billion, a PE ratio of 6.60 and a beta of 1.08. The company’s 50 day simple moving average is $154.34 and its two-hundred day simple moving average is $165.17.

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

Hedge Funds Weigh In On HCI Group

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in HCI Group by 62.8% in the fourth quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after buying an additional 71 shares during the last quarter. NDVR Inc. raised its holdings in HCI Group by 7.0% in the fourth quarter. NDVR Inc. now owns 1,236 shares of the insurance provider’s stock worth $237,000 after buying an additional 81 shares during the last quarter. Captrust Financial Advisors raised its holdings in HCI Group by 2.0% in the fourth quarter. Captrust Financial Advisors now owns 4,711 shares of the insurance provider’s stock worth $903,000 after buying an additional 91 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in HCI Group by 2.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,794 shares of the insurance provider’s stock worth $920,000 after buying an additional 94 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in HCI Group by 1.6% in the first quarter. Illinois Municipal Retirement Fund now owns 6,011 shares of the insurance provider’s stock worth $929,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Company Profile

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.