Truist Financial Forecasts Strong Price Appreciation for HCI Group (NYSE:HCI) Stock

HCI Group (NYSE:HCI – Get Free Report) had its target price hoisted by research analysts at Truist Financial from $235.00 to $245.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. Truist Financial‘s price target points to a potential upside of 21.98% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Citigroup reissued a “market outperform” rating on shares of HCI Group in a report on Thursday. Weiss Ratings cut HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Citizens Jmp boosted their price target on HCI Group from $265.00 to $280.00 and gave the company a “market outperform” rating in a report on Thursday. Finally, Cantor Fitzgerald started coverage on HCI Group in a research report on Thursday, July 9th. They issued an “overweight” rating and a $225.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $250.00.

Check Out Our Latest Analysis on HCI Group

HCI Group Stock Down 0.8%

HCI stock traded down $1.68 on Thursday, hitting $200.85. 143,392 shares of the company’s stock were exchanged, compared to its average volume of 168,479. The firm has a 50 day moving average price of $190.15 and a two-hundred day moving average price of $171.28. HCI Group has a 12-month low of $144.75 and a 12-month high of $208.80. The stock has a market cap of $2.50 billion, a P/E ratio of 8.67 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69.

HCI Group (NYSE:HCI – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $6.45 EPS for the quarter, topping analysts’ consensus estimates of $4.96 by $1.49. The company had revenue of $244.91 million during 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%. As a group, equities research analysts expect that HCI Group will post 21.04 EPS for the current fiscal year.

Institutional Trading of HCI Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in HCI Group by 46.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 285 shares of the insurance provider’s stock valued at $50,000 after buying an additional 91 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in HCI Group by 5.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,827 shares of the insurance provider’s stock worth $373,000 after buying an additional 91 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in HCI Group by 1.6% during the 1st 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 in the last quarter. Signature Equity Partners LLC raised its holdings in shares of HCI Group by 46.4% during the third quarter. Signature Equity Partners LLC now owns 325 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 103 shares during the last quarter. Finally, Alps Advisors Inc. raised its holdings in shares of HCI Group by 3.8% during the third quarter. Alps Advisors Inc. now owns 3,112 shares of the insurance provider’s stock valued at $541,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group News Summary

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

About HCI Group

(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.

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Analyst Recommendations for HCI Group (NYSE:HCI)

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